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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)

Strong Downtrend (-100) - CNYNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution 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.

FOREX_CNYNOK
Open High Low CNYNOK Price Change
1.3135682 1.3156240 1.3100162 1.3100162 -0.0035520
Entry Signal

MarketClub’s Trade Triangles for CNYNOK

long term down The long-term trend has been DOWN since Aug 27th, 2021 at 1.3509597

intermediate term down The intermediate-term trend has been DOWN since Oct 8th, 2021 at 1.3244353

short term down The short-term trend has been DOWN since Oct 4th, 2021 at 1.3359117

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
1.3135682 1.3156240 1.3100162 1.3100162 -0.0035520
Prev. Close Volume Bid Ask Time
1.3135682 2021-10-18 09:20:54
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