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Forex Trend Analysis Report

Prepared for you on Wednesday, February 20, 2019.

Norwegian Krone/Indian Rupee (FOREX:NOKINR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

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.

Open High Low NOKINR Price Change
8.31710 8.32030 8.29155 8.29410 -0.02300
Entry Signal

MarketClub’s Trade Triangles for NOKINR

long term down The long term trend has been DOWN since Nov 23rd, 2018 at 8.22870

intermediate term down The intermediate term trend has been DOWN since Feb 8th, 2019 at 8.24040

short term up The short term trend has been UP since Feb 15th, 2019 at 8.23495

Smart Scan Analysis for NOKINR

Based on a pre-defined weighted trend formula for chart analysis, NOKINR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for NOKINR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.31710 8.32030 8.29155 8.29410 -0.02300
Prev. Close Volume Bid Ask Time
8.31710 8.29350 8.29470 2019-02-20 05:00:25
Want to analyze Norwegian Krone/Indian Rupee NOKINR or another symbol? Try our Free Forex Trend Analysis Report.