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Forex Trend Analysis Report

Prepared for you on Friday, October 19, 2018.

Malaysian Ringt/Norwegian Krone (FOREX:MYRNOK)

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.

Open High Low MYRNOK Price Change
1.9870 1.9897 1.9769 1.9775 -0.0095
Entry Signal

MarketClub’s Trade Triangles for MYRNOK

long term down The long term trend has been DOWN since Jul 5th, 2018 at 1.99085

intermediate term up The intermediate term trend has been UP since Oct 9th, 2018 at 1.99825

short term up The short term trend has been UP since Oct 18th, 2018 at 1.97260

Smart Scan Analysis for MYRNOK

Based on a pre-defined weighted trend formula for chart analysis, MYRNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for MYRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9870 1.9897 1.9769 1.9775 -0.0095
Prev. Close Volume Bid Ask Time
1.9870 1.9756 1.9794 2018-10-19 14:19:54
Want to analyze Malaysian Ringt/Norwegian Krone MYRNOK or another symbol? Try our Free Forex Trend Analysis Report.