Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)
Crossroads (-60) - NOKCNH is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Oct 3rd, 2023 at 0.6765
The intermediate-term trend has been UP since Nov 21st, 2023 at 0.6610
The short-term trend has been UP since Nov 21st, 2023 at 0.6610
Smart Scan Analysis for NOKCNH
Based on our trend formula, NOKCNH is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).