Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Norwegian Krone/Russian Ruble (FOREX:NOKRUB)
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 NOKRUB
The long term trend has been UP since Mar 13th, 2018 at 7.3750
The intermediate term trend has been DOWN since Sep 27th, 2018 at 8.0439
The short term trend has been DOWN since Oct 16th, 2018 at 8.0206
Smart Scan Analysis for NOKRUB
Based on a pre-defined weighted trend formula for chart analysis, NOKRUB scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).