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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)

Weak Downtrend (-65) - NOKCNY is showing signs of a strengthening downtrend. Monitor NOKCNY as it may be building momentum to the downside.

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.

FOREX_NOKCNY
Open High Low NOKCNY Price Change
0.65946616 0.65964344 0.65859103 0.65936645 -0.00010000
Entry Signal

MarketClub’s Trade Triangles for NOKCNY

long term up The long-term trend has been UP since Jun 7th, 2024 at 0.6855107

intermediate term down The intermediate-term trend has been DOWN since Jul 9th, 2024 at 0.6642715

short term down The short-term trend has been DOWN since Jul 22nd, 2024 at 0.6644889

Smart Scan Analysis for NOKCNY

Based on our trend formula, NOKCNY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NOKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.65946616 0.65964344 0.65859103 0.65936645 -0.00010000
Prev. Close Volume Bid Ask Time
0.65946616 2024-07-24 01:49:01
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