Forex Trend Analysis Report
Prepared for you on Sunday, December 5, 2021.
Norwegian Krone/Russian Ruble (FOREX:NOKRUB)
Long-Term Downtrend (-90) - NOKRUB is in a strong downtrend that is likely to continue. While NOKRUB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKRUB?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKRUB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKRUB
The long-term trend has been DOWN since Jun 16th, 2021 at 8.554338
The intermediate-term trend has been DOWN since Oct 25th, 2021 at 8.356166
The short-term trend has been DOWN since Nov 29th, 2021 at 8.299375
Smart Scan Analysis for NOKRUB
Based on our trend formula, NOKRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).