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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)
Countertrend Down (-85) - CNYNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for CNYNOK
The long-term trend has been DOWN since Jan 5th, 2025 at 1.4921441
The intermediate-term trend has been DOWN since Jan 5th, 2025 at 1.5252677
The short-term trend has been UP since Jan 17th, 2025 at 1.5603565
Smart Scan Analysis for CNYNOK
Based on our trend formula, CNYNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5600963 | 1.5623163 | 1.5463367 | 1.5474427 | -0.0126540 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5600963 | 2025-01-20 09:38:25 |