Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)
Countertrend Up (+85) - NOKCNH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NOKCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKCNH
The long-term trend has been UP since Oct 6th, 2021 at 0.75375
The intermediate-term trend has been UP since Sep 14th, 2021 at 0.73625
The short-term trend has been UP since Oct 6th, 2021 at 0.75375
Smart Scan Analysis for NOKCNH
Based on our trend formula, NOKCNH is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).