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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Crossroads (+60) - CADNOK 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 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.

FOREX_CADNOK
Open High Low CADNOK Price Change
7.902500 7.935578 7.899060 7.918791 +0.016291
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term down The long-term trend has been DOWN since May 27th, 2024 at 7.685467

intermediate term up The intermediate-term trend has been UP since Jul 2nd, 2024 at 7.820685

short term up The short-term trend has been UP since Jul 19th, 2024 at 7.925300

Smart Scan Analysis for CADNOK

Based on our trend formula, CADNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.902500 7.935578 7.899060 7.918791 +0.016291
Prev. Close Volume Bid Ask Time
7.902500 2024-07-19 07:39:29
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