Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
Crossroads (-60) - NOKCAD is struggling to move into a solid trend. Beware of choppy markets 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 UP since Jan 4th, 2021 at 0.1496880
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 0.1481375
The short-term trend has been DOWN since Feb 25th, 2021 at 0.1479315
Smart Scan Analysis for NOKCAD
Based on our trend formula, NOKCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).