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.
MarketClub’s Trade Triangles for RONNOK
The long term trend has been UP since Nov 14th, 2017 at 2.07510
The intermediate term trend has been UP since Sep 11th, 2017 at 2.03530
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).