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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.

FOREX_NOKRUB
Open High Low NOKRUB Price Change
8.052749 8.052749 8.052749 8.052749 0.000000
Entry Signal

MarketClub’s Trade Triangles for NOKRUB

long term down The long-term trend has been DOWN since Jun 16th, 2021 at 8.554338

intermediate term down The intermediate-term trend has been DOWN since Oct 25th, 2021 at 8.356166

short term down 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).

-90
Smart Scan Analysis for NOKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.052749 8.052749 8.052749 8.052749 0.000000
Prev. Close Volume Bid Ask Time
8.052749 2021-12-04 05:18:42
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