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.
MarketClub’s Trade Triangles for NOKRUB
The long-term trend has been DOWN since Jan 24th, 2019 at 7.657600
The intermediate-term trend has been DOWN since Jan 8th, 2020 at 6.905440
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).