Free Daily Analysis

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.

FOREX_NOKCNH
Open High Low NOKCNH Price Change
0.7065 0.7170 0.7065 0.7170 +0.0105
Entry Signal

MarketClub’s Trade Triangles for NOKCNH

long term down The long-term trend has been DOWN since Dec 7th, 2021 at 0.72620

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2021 at 0.75665

short term down 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).

-90
Smart Scan Analysis for NOKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7065 0.7170 0.7065 0.7170 +0.0105
Prev. Close Volume Bid Ask Time
0.7065 2021-12-08 16:25:23
Get a free daily analysis and signals for Norwegian Krone/Chinese Yuan Renminbi Offshore (NOKCNH) - Request Your Free Report.