Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Countertrend Up (+85) - NOKINR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NOKINR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKINR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKINR
The long-term trend has been UP since Dec 3rd, 2020 at 8.460167
The intermediate-term trend has been UP since Apr 6th, 2021 at 8.659605
The short-term trend has been UP since Apr 13th, 2021 at 8.859651
Smart Scan Analysis for NOKINR
Based on our trend formula, NOKINR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).