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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.

FOREX_NOKINR
Open High Low NOKINR Price Change
7.901647 7.921028 7.834136 7.840610 -0.061037
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 7.933008

intermediate term down The intermediate-term trend has been DOWN since Jan 3rd, 2023 at 8.219290

short term down 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).

-80
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.901647 7.921028 7.834136 7.840610 -0.061037
Prev. Close Volume Bid Ask Time
7.901647 2023-03-31 17:08:18
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