Forex Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
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 Nov 7th, 2023 at 0.12155545
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.11895818
The short-term trend has been DOWN since Dec 1st, 2023 at 0.11850661
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).