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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Sidelines Mode (+55) - NOKINR 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 NOKINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKINR.
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 NOKINR
The long-term trend has been DOWN since Apr 17th, 2024 at 7.579249
The intermediate-term trend has been UP since May 6th, 2024 at 7.712546
The short-term trend has been DOWN since May 8th, 2024 at 7.625515
Smart Scan Analysis for NOKINR
Based on our trend formula, NOKINR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.628016 | 7.670735 | 7.619850 | 7.656162 | +0.028146 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.628016 | 2024-05-08 23:00:01 |