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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.

FOREX_NOKCNY
Open High Low NOKCNY Price Change
0.7645999 0.7668488 0.7639657 0.7639657 -0.0006340
Entry Signal

MarketClub’s Trade Triangles for NOKCNY

long term up The long-term trend has been UP since Oct 13th, 2021 at 0.7566290

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2021 at 0.7550401

short term up 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).

+90
Smart Scan Analysis for NOKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7645999 0.7668488 0.7639657 0.7639657 -0.0006340
Prev. Close Volume Bid Ask Time
0.7645999 2021-10-25 15:42:08
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