Forex Trend Analysis Report
Prepared for you on Monday, January 24, 2022.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Strong Downtrend (-100) - NOKINR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKINR continues to fall. Traders should use caution and set stops.
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 DOWN since Dec 1st, 2021 at 8.227485
The intermediate-term trend has been DOWN since Jan 10th, 2022 at 8.324409
The short-term trend has been DOWN since Jan 14th, 2022 at 8.330432
Smart Scan Analysis for NOKINR
Based on our trend formula, NOKINR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).