Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Indian Rupee/Norwegian Krone (FOREX:INRNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 UP since Nov 23rd, 2018 at 0.12155
The intermediate term trend has been DOWN since Jan 10th, 2019 at 0.12025
The short term trend has been DOWN since Jan 7th, 2019 at 0.12345
Smart Scan Analysis for INRNOK
Based on a pre-defined weighted trend formula for chart analysis, INRNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).