Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)
Long-Term Downtrend (-90) - NOKCNH is in a strong downtrend that is likely to continue. While NOKCNH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKCNH?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCNH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKCNH
The long-term trend has been DOWN since Dec 7th, 2021 at 0.72620
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 0.75665
The short-term trend has been DOWN since Nov 5th, 2021 at 0.76450
Smart Scan Analysis for NOKCNH
Based on our trend formula, NOKCNH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).