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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.

FOREX_NOKINR
Open High Low NOKINR Price Change
8.379206 8.384840 8.251244 8.303348 -0.075858
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 8.227485

intermediate term down The intermediate-term trend has been DOWN since Jan 10th, 2022 at 8.324409

short term down 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).

-100
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.379206 8.384840 8.251244 8.303348 -0.075858
Prev. Close Volume Bid Ask Time
8.379206 2022-01-24 18:22:59
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