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Forex Trend Analysis Report

Prepared for you on Wednesday, October 18, 2017.

/Norwegian Krone (FOREX:RONNOK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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.

FOREX_RONNOK
Open High Low RONNOK Price Change
2.03985 2.04600 2.03780 2.04540 +0.00555
Entry Signal

MarketClub’s Trade Triangles for RONNOK

long term down The long term trend has been DOWN since Aug 17th, 2017 at 2.02825

intermediate term up The intermediate term trend has been UP since Sep 11th, 2017 at 2.03530

short term up The short term trend has been UP since Oct 18th, 2017 at 2.04100

Smart Scan Analysis for RONNOK

Based on a pre-defined weighted trend formula for chart analysis, RONNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for RONNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.03985 2.04600 2.03780 2.04540 +0.00555
Prev. Close Volume Bid Ask Time
2.03985 2.04200 2.04880 2017-10-18 12:43:10
Want to analyze /Norwegian Krone RONNOK or another symbol? Try our Free Forex Trend Analysis Report.