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.
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 Nov 15th, 2018 at 7.7772
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).