Forex Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
Pakistani Rupee/Norwegian Krone (FOREX:PKRNOK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 PKRNOK
The long term trend has been DOWN since Jul 5th, 2017 at 0.07935
The intermediate term trend has been DOWN since Jun 27th, 2017 at 0.08060
The short term trend has been DOWN since Aug 14th, 2017 at 0.07525
Smart Scan Analysis for PKRNOK
Based on a pre-defined weighted trend formula for chart analysis, PKRNOK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).