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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.

FOREX_NOKCNY
Open High Low NOKCNY Price Change
0.68131930 0.68131930 0.66744332 0.66744332 -0.01387600
Entry Signal

MarketClub’s Trade Triangles for NOKCNY

long term down The long-term trend has been DOWN since May 9th, 2022 at 0.6963857

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 0.6897154

short term down 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).

-100
Smart Scan Analysis for NOKCNY
Strong Downtrend Sideways 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
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