Forex Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
Pakistani Rupee/Norwegian Krone (FOREX:PKRNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 PKRNOK
The long term trend has been DOWN since Jan 2nd, 2018 at 0.07390
The intermediate term trend has been UP since Apr 23rd, 2018 at 0.06805
The short term trend has been DOWN since May 21st, 2018 at 0.06985
Smart Scan Analysis for PKRNOK
Based on a pre-defined weighted trend formula for chart analysis, PKRNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).