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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)
Countertrend Up (+85) - CNYNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for CNYNOK
The long-term trend has been UP since Apr 1st, 2024 at 1.5286877
The intermediate-term trend has been UP since Mar 15th, 2024 at 1.4975304
The short-term trend has been DOWN since Apr 23rd, 2024 at 1.5447040
Smart Scan Analysis for CNYNOK
Based on our trend formula, CNYNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.5343422 | 1.5491839 | 1.5342130 | 1.5462387 | +0.0118960 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.5343422 | 2024-04-24 23:34:54 |