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.
MarketClub’s Trade Triangles for NOKCAD
The long-term trend has been DOWN since Jul 5th, 2019 at 0.1525200
The intermediate-term trend has been UP since May 6th, 2020 at 0.1372000
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).