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.
MarketClub’s Trade Triangles for SARNOK
The long term trend has been UP since May 1st, 2018 at 2.1444
The intermediate term trend has been DOWN since Sep 11th, 2018 at 2.2024
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).