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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2019.

Norwegian Krone/Russian Ruble (FOREX:NOKRUB)

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.

FOREX_NOKRUB
Open High Low NOKRUB Price Change
7.4016 7.4138 7.3942 7.4020 +0.0004
Entry Signal

MarketClub’s Trade Triangles for NOKRUB

long term down The long term trend has been DOWN since Jan 24th, 2019 at 7.6576

intermediate term down The intermediate term trend has been DOWN since Apr 23rd, 2019 at 7.4882

short term up The short term trend has been UP since May 23rd, 2019 at 7.3685

Smart Scan Analysis for NOKRUB

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

-85
Smart Scan Analysis for NOKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.4016 7.4138 7.3942 7.4020 +0.0004
Prev. Close Volume Bid Ask Time
7.4016 7.4020 7.4020 2019-05-24 09:11:36
Want to analyze Norwegian Krone/Russian Ruble NOKRUB or another symbol? Try our Free Forex Trend Analysis Report.