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Forex Trend Analysis Report

Prepared for you on Saturday, July 2, 2022.

Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)

Long-Term Uptrend (+90) - CNYNOK is in a strong uptrend that is likely to continue. While CNYNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1.4771351 1.4880466 1.4771351 1.4817172 +0.0045820
Entry Signal

MarketClub’s Trade Triangles for CNYNOK

long term up The long-term trend has been UP since May 9th, 2022 at 1.4359887

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 1.4498762

short term up The short-term trend has been UP since Jun 30th, 2022 at 1.4784570

Smart Scan Analysis for CNYNOK

Based on our trend formula, CNYNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for CNYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4771351 1.4880466 1.4771351 1.4817172 +0.0045820
Prev. Close Volume Bid Ask Time
1.4771351 2022-07-01 17:22:23
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