Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Russian Ruble/Norwegian Krone (FOREX:RUBNOK)
Crossroads (-60) - RUBNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RUBNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for RUBNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RUBNOK
The long-term trend has been UP since May 5th, 2022 at 0.11898227
The intermediate-term trend has been DOWN since Aug 1st, 2022 at 0.16107342
The short-term trend has been DOWN since Jul 3rd, 2022 at 0.18560099
Smart Scan Analysis for RUBNOK
Based on our trend formula, RUBNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).