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Forex Trend Analysis Report

Prepared for you on Sunday, December 10, 2017.

/Norwegian Krone (FOREX:RONNOK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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
2.11180 2.11475 2.10515 2.10930 -0.00250
Entry Signal

MarketClub’s Trade Triangles for RONNOK

long term up The long term trend has been UP since Nov 14th, 2017 at 2.07510

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

short term down The short term trend has been DOWN since Dec 6th, 2017 at 2.11485

Smart Scan Analysis for RONNOK

Based on a pre-defined weighted trend formula for chart analysis, RONNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for RONNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.11180 2.11475 2.10515 2.10930 -0.00250
Prev. Close Volume Bid Ask Time
2.11180 2.10590 2.11270 2017-12-08 13:11:44
Want to analyze /Norwegian Krone RONNOK or another symbol? Try our Free Forex Trend Analysis Report.