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Forex Trend Analysis Report

Prepared for you on Saturday, December 16, 2017.

Norwegian Krone/Indian Rupee (FOREX:NOKINR)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
7.7306 7.7540 7.6187 7.6455 -0.0851
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long term trend has been DOWN since Nov 1st, 2017 at 7.89520

intermediate term down The intermediate term trend has been DOWN since Oct 23rd, 2017 at 8.12495

short term down The short term trend has been DOWN since Dec 15th, 2017 at 7.68230

Smart Scan Analysis for NOKINR

Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.7306 7.7540 7.6187 7.6455 -0.0851
Prev. Close Volume Bid Ask Time
7.7306 7.6437 7.6473 2017-12-15 18:16:19
Want to analyze Norwegian Krone/Indian Rupee NOKINR or another symbol? Try our Free Forex Trend Analysis Report.