Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
Saudi Arabian Riyal/Norwegian Krone (FOREX:SARNOK)
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 SARNOK
The long term trend has been UP since May 1st, 2018 at 2.14440
The intermediate term trend has been DOWN since Jun 11th, 2018 at 2.12990
The short term trend has been DOWN since Jun 22nd, 2018 at 2.16495
Smart Scan Analysis for SARNOK
Based on a pre-defined weighted trend formula for chart analysis, SARNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).