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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

Indian Rupee/Norwegian Krone (FOREX:INRNOK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_INRNOK
Open High Low INRNOK Price Change
0.11785 0.11825 0.11755 0.11755 -0.00030
Entry Signal

MarketClub’s Trade Triangles for INRNOK

long term down The long term trend has been DOWN since Jan 25th, 2018 at 0.12125

intermediate term up The intermediate term trend has been UP since Oct 23rd, 2018 at 0.11260

short term up The short term trend has been UP since Nov 8th, 2018 at 0.11495

Smart Scan Analysis for INRNOK

Based on a pre-defined weighted trend formula for chart analysis, INRNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for INRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11785 0.11825 0.11755 0.11755 -0.00030
Prev. Close Volume Bid Ask Time
0.11785 0.11750 0.11760 2018-11-14 12:48:04
Want to analyze Indian Rupee/Norwegian Krone INRNOK or another symbol? Try our Free Forex Trend Analysis Report.