Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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.
MarketClub’s Trade Triangles for NOKINR
The long term trend has been DOWN since Nov 23rd, 2018 at 8.22870
The intermediate term trend has been DOWN since Feb 8th, 2019 at 8.24040
The short term trend has been UP since Feb 15th, 2019 at 8.23495
Smart Scan Analysis for NOKINR
Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).