Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Bear Market Rally (-75) - NOKINR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKINR as it may be in the beginning of a reversal.
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 Mar 1st, 2023 at 7.933008
The intermediate-term trend has been DOWN since Jan 3rd, 2023 at 8.219290
The short-term trend has been DOWN since Mar 31st, 2023 at 7.852927
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).