Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
/Norwegian Krone (FOREX:RONNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 UP since Aug 28th, 2018 at 2.09670
The intermediate term trend has been DOWN since Sep 12th, 2018 at 2.07335
The short term trend has been DOWN since Sep 20th, 2018 at 2.04540
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).