Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 Oct 23rd, 2018 at 8.8743
The short term trend has been DOWN since Nov 8th, 2018 at 8.6683
Smart Scan Analysis for NOKINR
Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).