Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Crossroads (+60) - NOKINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for NOKINR
The long-term trend has been UP since Jul 17th, 2023 at 8.015035
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 8.041833
The short-term trend has been DOWN since Sep 28th, 2023 at 7.638271
Smart Scan Analysis for NOKINR
Based on our trend formula, NOKINR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).