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Forex Trend Analysis Report

Prepared for you on Friday, September 21, 2018.

Saudi Arabian Riyal/Norwegian Krone (FOREX:SARNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_SARNOK
Open High Low SARNOK Price Change
2.17420 2.19340 2.16480 2.17525 +0.00105
Entry Signal

MarketClub’s Trade Triangles for SARNOK

long term up The long term trend has been UP since May 1st, 2018 at 2.1444

intermediate term down The intermediate term trend has been DOWN since Sep 11th, 2018 at 2.2024

short term down The short term trend has been DOWN since Sep 20th, 2018 at 2.1683

Smart Scan Analysis for SARNOK

Based on a pre-defined weighted trend formula for chart analysis, SARNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.17420 2.19340 2.16480 2.17525 +0.00105
Prev. Close Volume Bid Ask Time
2.17420 2.17440 2.17610 2018-09-20 14:25:10
Want to analyze Saudi Arabian Riyal/Norwegian Krone SARNOK or another symbol? Try our Free Forex Trend Analysis Report.