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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Norwegian Krone/Indian Rupee (FOREX:NOKINR)

Bull Market Weakness (+75) - NOKINR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKINR as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid NOKINR?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKINR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKINR
Open High Low NOKINR Price Change
7.906759 7.919642 7.900297 7.919642 +0.012883
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 7.579249

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 7.712546

short term up The short-term trend has been UP since May 23rd, 2024 at 7.827468

Smart Scan Analysis for NOKINR

Based on our trend formula, NOKINR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.906759 7.919642 7.900297 7.919642 +0.012883
Prev. Close Volume Bid Ask Time
7.906759 2024-05-29 02:15:50
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