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Forex Trend Analysis Report

Prepared for you on Tuesday, December 5, 2023.

Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)

Bull Market Weakness (+75) - CNYNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYNOK as it may be in the beginning stages 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.

FOREX_CNYNOK
Open High Low CNYNOK Price Change
1.5292018 1.5417256 1.5288720 1.5400122 +0.0108100
Entry Signal

MarketClub’s Trade Triangles for CNYNOK

long term up The long-term trend has been UP since Oct 2nd, 2023 at 1.5113428

intermediate term down The intermediate-term trend has been DOWN since Nov 14th, 2023 at 1.5334275

short term up The short-term trend has been UP since Nov 30th, 2023 at 1.5123629

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).

+75
Smart Scan Analysis for CNYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5292018 1.5417256 1.5288720 1.5400122 +0.0108100
Prev. Close Volume Bid Ask Time
1.5292018 2023-12-05 23:16:55
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