Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)

Crossroads (-60) - NOKCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_NOKCNH
Open High Low NOKCNH Price Change
0.6805 0.6815 0.6805 0.6815 +0.0010
Entry Signal

MarketClub’s Trade Triangles for NOKCNH

long term down The long-term trend has been DOWN since Apr 19th, 2024 at 0.67675

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 0.65915

short term up The short-term trend has been UP since May 21st, 2024 at 0.66975

Smart Scan Analysis for NOKCNH

Based on our trend formula, NOKCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for NOKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6805 0.6815 0.6805 0.6815 +0.0010
Prev. Close Volume Bid Ask Time
0.6785 2024-05-21 15:43:34
Get a free daily analysis and signals for Norwegian Krone/Chinese Yuan Renminbi Offshore (NOKCNH) - Request Your Free Report.