Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)
Bear Market Rally (-75) - NOKCNH is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKCNH as it may be in the beginning of a reversal.
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 Jan 30th, 2020 at 0.76400
The intermediate-term trend has been DOWN since Jan 13th, 2020 at 0.78025
The short-term trend has been UP since Feb 19th, 2020 at 0.75685
Smart Scan Analysis for NOKCNH
Based on our trend formula, NOKCNH is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).