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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

Norwegian Krone/Russian Ruble (FOREX:NOKRUB)

Sidelines Mode (-55) - NOKRUB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NOKRUB?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKRUB.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKRUB
Open High Low NOKRUB Price Change
6.881483 6.932566 6.868521 6.898515 +0.017032
Entry Signal

MarketClub’s Trade Triangles for NOKRUB

long term down The long-term trend has been DOWN since Jan 24th, 2019 at 7.657600

intermediate term down The intermediate-term trend has been DOWN since Jan 8th, 2020 at 6.905440

short term up The short-term trend has been UP since Feb 20th, 2020 at 6.893007

Smart Scan Analysis for NOKRUB

Based on our trend formula, NOKRUB is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.881483 6.932566 6.868521 6.898515 +0.017032
Prev. Close Volume Bid Ask Time
6.881483 6.896305 6.900725 2020-02-21 16:47:38
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