Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)
Strong Uptrend (+100) - NOKCNH is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NOKCNH 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 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 Jun 3rd, 2020 at 0.75075
The intermediate-term trend has been UP since May 1st, 2020 at 0.69100
The short-term trend has been UP since May 13th, 2020 at 0.69700
Smart Scan Analysis for NOKCNH
Based on our trend formula, NOKCNH is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).