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Forex Trend Analysis Report

Prepared for you on Monday, December 30, 2024.

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

Countertrend Down (-85) - NOKCNH is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.64376520 0.64519749 0.64264198 0.64314066 -0.00062500
Entry Signal

MarketClub’s Trade Triangles for NOKCNH

long term down The long-term trend has been DOWN since Jul 23rd, 2024 at 0.65915000

intermediate term down The intermediate-term trend has been DOWN since Dec 18th, 2024 at 0.64528061

short term up The short-term trend has been UP since Dec 25th, 2024 at 0.64688221

Smart Scan Analysis for NOKCNH

Based on our trend formula, NOKCNH is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for NOKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.64376520 0.64519749 0.64264198 0.64314066 -0.00062500
Prev. Close Volume Bid Ask Time
0.64376520 2024-12-30 10:58:34
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