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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.

FOREX_NOKINR
Open High Low NOKINR Price Change
8.48030 8.54045 8.45740 8.51215 +0.03185
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 Oct 23rd, 2018 at 8.8743

short term down 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).

-70
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.48030 8.54045 8.45740 8.51215 +0.03185
Prev. Close Volume Bid Ask Time
8.48030 8.51100 8.51330 2018-11-16 13:35:56
Want to analyze Norwegian Krone/Indian Rupee NOKINR or another symbol? Try our Free Forex Trend Analysis Report.