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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Long-Term Downtrend (-90) - NOKCAD is in a strong downtrend that is likely to continue. While NOKCAD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

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FOREX_NOKCAD
Open High Low NOKCAD Price Change
0.1433185 0.1433195 0.1423165 0.1428765 -0.0004420
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term down The long-term trend has been DOWN since Nov 26th, 2021 at 0.1401220

intermediate term down The intermediate-term trend has been DOWN since Jan 18th, 2022 at 0.1423175

short term down The short-term trend has been DOWN since Jan 16th, 2022 at 0.1429855

Smart Scan Analysis for NOKCAD

Based on our trend formula, NOKCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1433185 0.1433195 0.1423165 0.1428765 -0.0004420
Prev. Close Volume Bid Ask Time
0.1433185 2022-01-18 06:32:10
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