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Forex Trend Analysis Report

Prepared for you on Thursday, November 30, 2023.

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.

FOREX_NOKCNY
Open High Low NOKCNY Price Change
0.66316916 0.66588259 0.65778936 0.65778936 -0.00538000
Entry Signal

MarketClub’s Trade Triangles for NOKCNY

long term down The long-term trend has been DOWN since Oct 2nd, 2023 at 0.66166439

intermediate term up The intermediate-term trend has been UP since Nov 14th, 2023 at 0.65213497

short term down The short-term trend has been DOWN since Nov 30th, 2023 at 0.66121806

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).

-55
Smart Scan Analysis for NOKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.66316916 0.66588259 0.65778936 0.65778936 -0.00538000
Prev. Close Volume Bid Ask Time
0.66316916 2023-11-30 11:39:56
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