Forex Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 NOKINR
The long term trend has been UP since Dec 27th, 2019 at 8.081350
The intermediate term trend has been UP since Dec 16th, 2019 at 7.873490
The short term trend has been DOWN since Jan 8th, 2020 at 8.105451
Smart Scan Analysis for NOKINR
Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).