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Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)
Strong Uptrend (+100) - CNYNOK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYNOK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
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MarketClub’s Trade Triangles for CNYNOK
The long-term trend has been UP since Feb 3rd, 2023 at 1.4999626
The intermediate-term trend has been UP since Dec 7th, 2022 at 1.4368725
The short-term trend has been UP since Mar 15th, 2023 at 1.5524094
Smart Scan Analysis for CNYNOK
Based on our trend formula, CNYNOK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5577107 | 1.5594161 | 1.5464480 | 1.5477682 | -0.0099420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5577107 | 2023-03-20 18:07:23 |