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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)

Strong Uptrend (+100) - CNYNOK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYNOK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
1.5482767 1.5574054 1.5454009 1.5573774 +0.0091010
Entry Signal

MarketClub’s Trade Triangles for CNYNOK

long term up The long-term trend has been UP since Apr 1st, 2024 at 1.5286877

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2024 at 1.4975304

short term up The short-term trend has been UP since Apr 10th, 2024 at 1.5179237

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).

+100
Smart Scan Analysis for CNYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5482767 1.5574054 1.5454009 1.5573774 +0.0091010
Prev. Close Volume Bid Ask Time
1.5482767 2024-04-18 16:26:32
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