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.
MarketClub’s Trade Triangles for NOKCNY
The long-term trend has been UP since Dec 14th, 2020 at 0.7502698
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.7480909
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).