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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Sidelines Mode (-55) - CADNOK 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 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.
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MarketClub’s Trade Triangles for CADNOK
The long-term trend has been DOWN since May 27th, 2024 at 7.685467
The intermediate-term trend has been UP since Oct 16th, 2024 at 7.922765
The short-term trend has been DOWN since Oct 25th, 2024 at 7.882900
Smart Scan Analysis for CADNOK
Based on our trend formula, CADNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.899447 | 7.911214 | 7.874300 | 7.900400 | +0.000953 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.899447 | 2024-10-25 17:06:35 |