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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.

FOREX_NOKCNH
Open High Low NOKCNH Price Change
0.7645 0.7655 0.7645 0.7655 +0.0010
Entry Signal

MarketClub’s Trade Triangles for NOKCNH

long term up The long-term trend has been UP since Oct 6th, 2021 at 0.75375

intermediate term up The intermediate-term trend has been UP since Sep 14th, 2021 at 0.73625

short term up 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).

+80
Smart Scan Analysis for NOKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7645 0.7655 0.7645 0.7655 +0.0010
Prev. Close Volume Bid Ask Time
0.7645 2021-10-18 20:58:16
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