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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Sidelines Mode (-55) - NOKCNY 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 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 UP since Jun 7th, 2024 at 0.68551070
The intermediate-term trend has been DOWN since Oct 16th, 2024 at 0.65252705
The short-term trend has been UP since Oct 23rd, 2024 at 0.65329654
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.64895381 | 0.64895381 | 0.64895381 | 0.64895381 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.64895381 | 2024-10-26 04:48:14 |