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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_NOKCAD
Open High Low NOKCAD Price Change
0.152680 0.153240 0.152520 0.152945 +0.000265
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term up The long term trend has been UP since Mar 21st, 2019 at 0.157900

intermediate term down The intermediate term trend has been DOWN since May 2nd, 2019 at 0.154835

short term down The short term trend has been DOWN since May 17th, 2019 at 0.153660

Smart Scan Analysis for NOKCAD

Based on a pre-defined weighted trend formula for chart analysis, NOKCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.152680 0.153240 0.152520 0.152945 +0.000265
Prev. Close Volume Bid Ask Time
0.152680 0.152910 0.152980 2019-05-21 15:39:30
Want to analyze Norwegian Krone/Canadian Dollar NOKCAD or another symbol? Try our Free Forex Trend Analysis Report.