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.
MarketClub’s Trade Triangles for NOKINR
The long term trend has been UP since Jan 25th, 2018 at 8.2592
The intermediate term trend has been DOWN since Jul 18th, 2018 at 8.3656
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).