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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)
Sidelines Mode (+55) - NOKCNH is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for NOKCNH
The long-term trend has been DOWN since Jul 23rd, 2024 at 0.65915000
The intermediate-term trend has been UP since Nov 19th, 2024 at 0.66001215
The short-term trend has been DOWN since Nov 22nd, 2024 at 0.65404359
Smart Scan Analysis for NOKCNH
Based on our trend formula, NOKCNH is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.65520313 | 0.65659705 | 0.65102830 | 0.65437260 | -0.00083100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.65520313 | 2024-11-22 07:00:09 |