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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

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
0.6581 0.6581 0.6581 0.6581 0.0000
Entry Signal

MarketClub’s Trade Triangles for NOKCNH

long term down The long-term trend has been DOWN since Feb 3rd, 2023 at 0.6790

intermediate term down The intermediate-term trend has been DOWN since Feb 3rd, 2023 at 0.6790

short term down The short-term trend has been DOWN since Feb 1st, 2023 at 0.6842

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
0.6581 0.6581 0.6581 0.6581 0.0000
Prev. Close Volume Bid Ask Time
0.6581 2023-03-30 12:22:30
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