Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)

Bear Market Rally (-75) - NOKCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKCNY as it may be in the beginning of a reversal.

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.

Open	High	Low	NOKCNY Price	Change
0.64664239	0.64827157	0.64664239	0.64827157	+0.00162900
Entry Signal

MarketClub’s Trade Triangles for NOKCNY

The long-term trend has been DOWN since Apr 1st, 2024 at 0.65415696

The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.66776720

The short-term trend has been UP since Apr 23rd, 2024 at 0.64737436

Smart Scan Analysis for NOKCNY

Based on our trend formula, NOKCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.64664239	0.64827157	0.64664239	0.64827157	+0.00162900
Prev. Close	Volume	Bid	Ask	Time
0.64664239				2024-04-25 04:54:18

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