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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2019.

Norwegian Krone/Indian Rupee (FOREX:NOKINR)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_NOKINR
Open High Low NOKINR Price Change
7.98985 7.98985 7.98985 7.98985 0.00000
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long term trend has been DOWN since Nov 23rd, 2018 at 8.22870

intermediate term down The intermediate term trend has been DOWN since Apr 29th, 2019 at 8.03205

short term up The short term trend has been UP since May 23rd, 2019 at 7.99535

Smart Scan Analysis for NOKINR

Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.98985 7.98985 7.98985 7.98985 0.00000
Prev. Close Volume Bid Ask Time
7.98985 7.98900 7.99070 2019-05-25 11:00:39
Want to analyze Norwegian Krone/Indian Rupee NOKINR or another symbol? Try our Free Forex Trend Analysis Report.