Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
Malaysian Ringt/Norwegian Krone (FOREX:MYRNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 MYRNOK
The long term trend has been UP since Dec 3rd, 2018 at 2.05805
The intermediate term trend has been UP since Oct 9th, 2018 at 1.99825
The short term trend has been UP since Dec 12th, 2018 at 2.05125
Smart Scan Analysis for MYRNOK
Based on a pre-defined weighted trend formula for chart analysis, MYRNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).