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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Russian Ruble/Norwegian Krone (FOREX:RUBNOK)
Long-Term Uptrend (+90) - RUBNOK is in a strong uptrend that is likely to continue. While RUBNOK 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 RUBNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBNOK.
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 RUBNOK
The long-term trend has been UP since Nov 7th, 2023 at 0.12155545
The intermediate-term trend has been UP since Mar 6th, 2024 at 0.11690672
The short-term trend has been UP since May 8th, 2024 at 0.11974416
Smart Scan Analysis for RUBNOK
Based on our trend formula, RUBNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.11969041 | 0.11980305 | 0.11819083 | 0.11877124 | -0.00091900 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.11969041 | 2024-05-08 23:24:24 |