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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)

Bull Market Weakness (+75) - CNYNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYNOK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid CNYNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CNYNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CNYNOK
Open High Low CNYNOK Price Change
1.5588785 1.5638479 1.5540416 1.5592523 +0.0003740
Entry Signal

MarketClub’s Trade Triangles for CNYNOK

long term up The long-term trend has been UP since Dec 18th, 2024 at 1.5594381

intermediate term up The intermediate-term trend has been UP since Dec 18th, 2024 at 1.5514586

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 1.5473669

Smart Scan Analysis for CNYNOK

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

+75
Smart Scan Analysis for CNYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.5588785 1.5638479 1.5540416 1.5592523 +0.0003740
Prev. Close Volume Bid Ask Time
1.5588785 2024-12-26 05:28:56
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