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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

Norwegian Krone/Russian Ruble (FOREX:NOKRUB)

Long-Term Downtrend (-90) - NOKRUB is in a strong downtrend that is likely to continue. While NOKRUB is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
8.626838 8.659252 8.585787 8.599165 -0.027673
Entry Signal

MarketClub’s Trade Triangles for NOKRUB

long term down The long-term trend has been DOWN since Nov 7th, 2023 at 8.203775

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 8.540944

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 8.597181

Smart Scan Analysis for NOKRUB

Based on our trend formula, NOKRUB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKRUB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.626838 8.659252 8.585787 8.599165 -0.027673
Prev. Close Volume Bid Ask Time
8.626838 2024-04-12 09:52:10
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