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Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2024.
Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)
Bear Market Rally (-75) - CNYNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on CNYNOK as it may be in the beginning 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.
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MarketClub’s Trade Triangles for CNYNOK
The long-term trend has been DOWN since Jun 7th, 2024 at 1.4587688
The intermediate-term trend has been UP since Sep 9th, 2024 at 1.5146998
The short-term trend has been DOWN since Sep 16th, 2024 at 1.4961560
Smart Scan Analysis for CNYNOK
Based on our trend formula, CNYNOK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.4965645 | 1.4978206 | 1.4915000 | 1.4937337 | -0.0028310 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.4965645 | 2024-09-16 18:40:29 |