Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Norwegian Krone/Indian Rupee (FOREX:NOKINR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Apr 29th, 2019 at 8.03205
The short term trend has been UP since May 23rd, 2019 at 7.99535
Smart Scan Analysis for NOKINR
Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).