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Forex Trend Analysis Report

Prepared for you on Wednesday, June 26, 2019.

Indian Rupee/Norwegian Krone (FOREX:INRNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_INRNOK
Open High Low INRNOK Price Change
0.12300 0.12310 0.12275 0.12310 +0.00010
Entry Signal

MarketClub’s Trade Triangles for INRNOK

long term up The long term trend has been UP since Nov 23rd, 2018 at 0.12155

intermediate term down The intermediate term trend has been DOWN since Jun 20th, 2019 at 0.12395

short term down The short term trend has been DOWN since Jun 20th, 2019 at 0.12470

Smart Scan Analysis for INRNOK

Based on a pre-defined weighted trend formula for chart analysis, INRNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for INRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12300 0.12310 0.12275 0.12310 +0.00010
Prev. Close Volume Bid Ask Time
0.12300 0.12300 0.12320 2019-06-26 09:14:20
Want to analyze Indian Rupee/Norwegian Krone INRNOK or another symbol? Try our Free Forex Trend Analysis Report.