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Forex Trend Analysis Report

Prepared for you on Sunday, September 19, 2021.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Strong Downtrend (-100) - CADNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
6.81775 6.82595 6.81575 6.81800 +0.00025
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term down The long-term trend has been DOWN since Sep 14th, 2021 at 6.806978

intermediate term down The intermediate-term trend has been DOWN since Aug 18th, 2021 at 6.993677

short term down The short-term trend has been DOWN since Sep 13th, 2021 at 6.819971

Smart Scan Analysis for CADNOK

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

-100
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.81775 6.82595 6.81575 6.81800 +0.00025
Prev. Close Volume Bid Ask Time
6.81775 2021-09-19 15:54:20
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