Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
Sidelines Mode (+55) - NOKCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKCAD
The long-term trend has been DOWN since Jul 5th, 2019 at 0.15252
The intermediate-term trend has been UP since May 6th, 2020 at 0.13720
The short-term trend has been DOWN since May 25th, 2020 at 0.13894
Smart Scan Analysis for NOKCAD
Based on our trend formula, NOKCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).