Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)

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

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

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

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

FOREX_CNYNOK
Open High Low CNYNOK Price Change
1.5177859 1.5286246 1.5166599 1.5249471 +0.0071610
Entry Signal

MarketClub’s Trade Triangles for CNYNOK

long term down The long-term trend has been DOWN since Dec 18th, 2023 at 1.4722877

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2024 at 1.4975304

short term up The short-term trend has been UP since Mar 27th, 2024 at 1.5086732

Smart Scan Analysis for CNYNOK

Based on our trend formula, CNYNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CNYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5177859 1.5286246 1.5166599 1.5249471 +0.0071610
Prev. Close Volume Bid Ask Time
1.5177859 2024-03-28 06:50:16
Get a free daily analysis and signals for Chinese Yuan Renminbi/Norwegian Krone (CNYNOK) - Request Your Free Report.