Forex Trend Analysis Report
Prepared for you on Saturday, December 3, 2022.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Strong Uptrend (+100) - NOKCNY is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NOKCNY continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for NOKCNY
The long-term trend has been UP since Nov 10th, 2022 at 0.7125440
The intermediate-term trend has been UP since Oct 17th, 2022 at 0.6821130
The short-term trend has been UP since Dec 2nd, 2022 at 0.7256586
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).