Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)
Strong Downtrend (-100) - CNYNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for CNYNOK
The long-term trend has been DOWN since Aug 27th, 2021 at 1.3509597
The intermediate-term trend has been DOWN since Oct 8th, 2021 at 1.3244353
The short-term trend has been DOWN since Oct 4th, 2021 at 1.3359117
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).