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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

Norwegian Krone/Indian Rupee (FOREX:NOKINR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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_NOKINR
Open High Low NOKINR Price Change
8.38745 8.40900 8.35550 8.39735 +0.00990
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term up The long term trend has been UP since Jan 25th, 2018 at 8.2592

intermediate term down The intermediate term trend has been DOWN since Jul 18th, 2018 at 8.3656

short term down The short term trend has been DOWN since Jul 17th, 2018 at 8.3844

Smart Scan Analysis for NOKINR

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

-60
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.38745 8.40900 8.35550 8.39735 +0.00990
Prev. Close Volume Bid Ask Time
8.38745 8.39610 8.39860 2018-07-18 20:44:32
Want to analyze Norwegian Krone/Indian Rupee NOKINR or another symbol? Try our Free Forex Trend Analysis Report.