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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Sidelines Mode (+55) - NOKCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOKCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKCNY
The long-term trend has been DOWN since Apr 1st, 2024 at 0.65415696
The intermediate-term trend has been UP since May 6th, 2024 at 0.65335890
The short-term trend has been DOWN since May 8th, 2024 at 0.64749658
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.64962312 | 0.65210516 | 0.64647609 | 0.64983332 | +0.00021000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.64962312 | 2024-05-08 23:10:57 |