Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Norwegian Krone/Russian Ruble (FOREX:NOKRUB)
Bull Market Weakness (+75) - NOKRUB is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKRUB as it may be in the beginning stages of a reversal.
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 UP since Jul 16th, 2020 at 7.687737
The intermediate-term trend has been DOWN since Feb 17th, 2021 at 8.667436
The short-term trend has been UP since Mar 8th, 2021 at 8.734756
Smart Scan Analysis for NOKRUB
Based on our trend formula, NOKRUB is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).