Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
Chinese Yuan Renminbi/Norwegian Krone (FOREX:CNYNOK)
Long-Term Uptrend (+90) - CNYNOK is in a strong uptrend that is likely to continue. While CNYNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CNYNOK
The long-term trend has been UP since May 9th, 2022 at 1.4359887
The intermediate-term trend has been UP since Jun 13th, 2022 at 1.4498762
The short-term trend has been UP since Jun 23rd, 2022 at 1.4907377
Smart Scan Analysis for CNYNOK
Based on our trend formula, CNYNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).