Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Long-Term Uptrend (+90) - NOKCNY is in a strong uptrend that is likely to continue. While NOKCNY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Oct 13th, 2021 at 0.7566290
The intermediate-term trend has been UP since Oct 8th, 2021 at 0.7550401
The short-term trend has been UP since Oct 4th, 2021 at 0.7485538
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).