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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

Norwegian Krone/Indian Rupee (FOREX:NOKINR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_NOKINR
Open High Low NOKINR Price Change
7.92010 7.92545 7.86990 7.89855 -0.02155
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long term trend has been DOWN since Nov 23rd, 2018 at 8.2287

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2019 at 7.9210

short term down The short term trend has been DOWN since Aug 14th, 2019 at 7.9499

Smart Scan Analysis for NOKINR

Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.92010 7.92545 7.86990 7.89855 -0.02155
Prev. Close Volume Bid Ask Time
7.92010 7.88200 7.91510 2019-08-16 18:09:36
Want to analyze Norwegian Krone/Indian Rupee NOKINR or another symbol? Try our Free Forex Trend Analysis Report.