Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

Norwegian Krone/Indian Rupee (FOREX:NOKINR)

Crossroads (+60) - NOKINR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
7.788433 7.804798 7.694957 7.755354 -0.033079
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long-term trend has been DOWN since Apr 17th, 2024 at 7.579249

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 7.712546

short term up The short-term trend has been UP since May 10th, 2024 at 7.706401

Smart Scan Analysis for NOKINR

Based on our trend formula, NOKINR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.788433 7.804798 7.694957 7.755354 -0.033079
Prev. Close Volume Bid Ask Time
7.788433 2024-05-17 17:00:34
Get a free daily analysis and signals for Norwegian Krone/Indian Rupee (NOKINR) - Request Your Free Report.