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Forex Trend Analysis Report
Prepared for you on Wednesday, December 4, 2024.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Long-Term Uptrend (+90) - NOKCNY is in a strong uptrend that is likely to continue. While NOKCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jun 7th, 2024 at 0.68551070
The intermediate-term trend has been UP since Nov 19th, 2024 at 0.65985950
The short-term trend has been UP since Dec 3rd, 2024 at 0.65746015
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.65773049 | 0.65815713 | 0.65656896 | 0.65656896 | -0.00116200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.65773049 | 2024-12-04 07:25:40 |