Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Indian Rupee/Norwegian Krone (FOREX:INRNOK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
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.
MarketClub’s Trade Triangles for INRNOK
The long term trend has been DOWN since Jan 25th, 2018 at 0.12125
The intermediate term trend has been UP since Oct 23rd, 2018 at 0.11260
The short term trend has been UP since Nov 8th, 2018 at 0.11495
Smart Scan Analysis for INRNOK
Based on a pre-defined weighted trend formula for chart analysis, INRNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).