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Forex Trend Analysis Report

Prepared for you on Friday, September 20, 2019.

Norwegian Krone/Russian Ruble (FOREX:NOKRUB)

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_NOKRUB
Open High Low NOKRUB Price Change
7.14490 7.14740 7.09170 7.09785 -0.04705
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 Sep 10th, 2019 at 7.2874

short term down The short term trend has been DOWN since Sep 19th, 2019 at 7.1139

Smart Scan Analysis for NOKRUB

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

-100
Smart Scan Analysis for NOKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.14490 7.14740 7.09170 7.09785 -0.04705
Prev. Close Volume Bid Ask Time
7.14490 7.09560 7.10010 2019-09-20 05:48:54
Want to analyze Norwegian Krone/Russian Ruble NOKRUB or another symbol? Try our Free Forex Trend Analysis Report.