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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Russian Ruble/Norwegian Krone (FOREX:RUBNOK)

Long-Term Uptrend (+90) - RUBNOK is in a strong uptrend that is likely to continue. While RUBNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_RUBNOK
Open High Low RUBNOK Price Change
0.12557861 0.12792708 0.12545162 0.12698446 +0.00140600
Entry Signal

MarketClub’s Trade Triangles for RUBNOK

long term up The long-term trend has been UP since Nov 7th, 2023 at 0.12155545

intermediate term up The intermediate-term trend has been UP since Jul 22nd, 2024 at 0.12513458

short term up The short-term trend has been UP since Jul 19th, 2024 at 0.12326438

Smart Scan Analysis for RUBNOK

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

+90
Smart Scan Analysis for RUBNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12557861 0.12792708 0.12545162 0.12698446 +0.00140600
Prev. Close Volume Bid Ask Time
0.12557861 2024-07-24 08:27:40
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