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Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Strong Downtrend (-100) - NOKCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKCNY continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCNY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKCNY
The long-term trend has been DOWN since May 9th, 2022 at 0.6963857
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.6897154
The short-term trend has been DOWN since Jun 30th, 2022 at 0.6763822
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.68131930 | 0.68131930 | 0.66744332 | 0.66744332 | -0.01387600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.68131930 | 2022-07-05 09:59:53 |