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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Long-Term Downtrend (-90) - NOKCNY is in a strong downtrend that is likely to continue. While NOKCNY 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 NOKCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCNY.
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 NOKCNY
The long-term trend has been DOWN since Dec 18th, 2024 at 0.64125661
The intermediate-term trend has been DOWN since Dec 18th, 2024 at 0.64455476
The short-term trend has been DOWN since Dec 25th, 2024 at 0.62755200
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.64148682 | 0.64348342 | 0.63944837 | 0.64139201 | -0.00009500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.64148682 | 2024-12-26 05:56:30 |