Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Countertrend Up (+85) - NOKINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Aug 10th, 2022 at 8.324068
The intermediate-term trend has been UP since Jul 19th, 2022 at 8.091932
The short-term trend has been DOWN since Aug 15th, 2022 at 8.255241
Smart Scan Analysis for NOKINR
Based on our trend formula, NOKINR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).