Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
Long-Term Downtrend (-90) - NOKCAD is in a strong downtrend that is likely to continue. While NOKCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 0.1525200
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.1464040
The short-term trend has been DOWN since Feb 13th, 2020 at 0.1431635
Smart Scan Analysis for NOKCAD
Based on our trend formula, NOKCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).