Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Norwegian Krone/Russian Ruble (FOREX:NOKRUB)
Bear Market Rally (-75) - NOKRUB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKRUB as it may be in the beginning 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 DOWN since Mar 19th, 2020 at 6.805044
The intermediate-term trend has been UP since May 19th, 2020 at 7.305362
The short-term trend has been DOWN since May 21st, 2020 at 7.159097
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).