Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Qatari Rial/Norwegian Krone (FOREX:QARNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.
MarketClub’s Trade Triangles for QARNOK
The long term trend has been UP since Nov 14th, 2017 at 2.25840
The intermediate term trend has been DOWN since Dec 29th, 2017 at 2.25545
The short term trend has been DOWN since Jan 10th, 2018 at 2.20820
Smart Scan Analysis for QARNOK
Based on a pre-defined weighted trend formula for chart analysis, QARNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).