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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Norwegian Krone/Chinese Yuan Renminbi (FOREX:NOKCNY)
Strong Downtrend (-100) - NOKCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKCNY continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for NOKCNY
The long-term trend has been DOWN since Apr 1st, 2024 at 0.65415696
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.66776720
The short-term trend has been DOWN since Apr 10th, 2024 at 0.65882258
Smart Scan Analysis for NOKCNY
Based on our trend formula, NOKCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.64174442 | 0.64571165 | 0.64102275 | 0.64467489 | +0.00293000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.64174442 | 2024-04-19 11:47:15 |