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.
MarketClub’s Trade Triangles for RONNOK
The long term trend has been DOWN since Aug 17th, 2017 at 2.02825
The intermediate term trend has been UP since Sep 11th, 2017 at 2.03530
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).