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Forex Trend Analysis Report

Prepared for you on Sunday, December 16, 2018.

Norwegian Krone/Russian Ruble (FOREX:NOKRUB)

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_NOKRUB
Open High Low NOKRUB Price Change
7.7527 7.7527 7.7527 7.7527 0.0000
Entry Signal

MarketClub’s Trade Triangles for NOKRUB

long term up The long term trend has been UP since Mar 13th, 2018 at 7.3750

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2018 at 7.7772

short term down The short term trend has been DOWN since Dec 7th, 2018 at 7.7889

Smart Scan Analysis for NOKRUB

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

-60
Smart Scan Analysis for NOKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.7527 7.7527 7.7527 7.7527 0.0000
Prev. Close Volume Bid Ask Time
7.7527 7.7501 7.7553 2018-12-16 20:53:58
Want to analyze Norwegian Krone/Russian Ruble NOKRUB or another symbol? Try our Free Forex Trend Analysis Report.