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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)

Crossroads (+60) - NOKCNY is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_NOKCNY
Open High Low NOKCNY Price Change
0.7617668 0.7617668 0.7617668 0.7617668 0.0000000
Entry Signal

MarketClub’s Trade Triangles for NOKCNY

long term up The long-term trend has been UP since Dec 14th, 2020 at 0.7502698

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.7480909

short term down The short-term trend has been DOWN since Mar 5th, 2021 at 0.7510026

Smart Scan Analysis for NOKCNY

Based on our trend formula, NOKCNY is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NOKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7617668 0.7617668 0.7617668 0.7617668 0.0000000
Prev. Close Volume Bid Ask Time
0.7617668 2021-03-07 21:00:31
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