Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

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
0.65505657 0.65510454 0.65249845 0.65249845 -0.00255800
Entry Signal

MarketClub’s Trade Triangles for NOKCNY

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

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

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.65882258

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
0.65505657 0.65510454 0.65249845 0.65249845 -0.00255800
Prev. Close Volume Bid Ask Time
0.65505657 2024-04-12 07:26:20
Get a free daily analysis and signals for Norwegian Krone/Chinese Yuan Renminbi (NOKCNY) - Request Your Free Report.