Forex Trend Analysis Report
Prepared for you on Saturday, September 24, 2022.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Long-Term Uptrend (+90) - CADNOK is in a strong uptrend that is likely to continue. While CADNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CADNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADNOK
The long-term trend has been UP since Jan 14th, 2022 at 7.179616
The intermediate-term trend has been UP since Aug 31st, 2022 at 7.603700
The short-term trend has been UP since Sep 23rd, 2022 at 7.770766
Smart Scan Analysis for CADNOK
Based on our trend formula, CADNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).