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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Bull Market Weakness (+75) - NOKCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKCAD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid NOKCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKCAD
Open High Low NOKCAD Price Change
0.1409185 0.1423130 0.1408665 0.1417160 +0.0007980
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term down The long-term trend has been DOWN since Jul 5th, 2019 at 0.1525200

intermediate term up The intermediate-term trend has been UP since May 6th, 2020 at 0.1372000

short term up The short-term trend has been UP since May 28th, 2020 at 0.1401385

Smart Scan Analysis for NOKCAD

Based on our trend formula, NOKCAD is rated as a +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
0.1409185 0.1423130 0.1408665 0.1417160 +0.0007980
Prev. Close Volume Bid Ask Time
0.1409185 0.1413530 0.1420790 2020-05-29 17:08:55
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