Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
South Korean Won/Norwegian Krone (FOREX:KRWNOK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 KRWNOK
The long term trend has been UP since Nov 21st, 2018 at 0.00755
The intermediate term trend has been UP since Oct 30th, 2018 at 0.00735
The short term trend has been DOWN since Dec 10th, 2018 at 0.00760
Smart Scan Analysis for KRWNOK
Based on a pre-defined weighted trend formula for chart analysis, KRWNOK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).