Forex Trend Analysis Report
Prepared for you on Tuesday, December 10, 2024.
Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)
Weak Downtrend (-65) - CNYNOK is showing signs of a strengthening downtrend. Monitor CNYNOK as it may be building momentum to the downside.
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 DOWN since Jun 7th, 2024 at 1.4587688
The intermediate-term trend has been DOWN since Nov 19th, 2024 at 1.5154742
The short-term trend has been UP since Dec 6th, 2024 at 1.5268976
Smart Scan Analysis for CNYNOK
Based on our trend formula, CNYNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.5366110 | 1.5413393 | 1.5297503 | 1.5384329 | +0.0018220 |
Prev. Close | Volume | Bid | Ask | Time |
1.5366110 | 2024-12-10 15:06:13 |