Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Saudi Arabian Riyal/Norwegian Krone (FOREX:SARNOK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jan 17th, 2018 at 2.09485
The intermediate term trend has been DOWN since Mar 13th, 2018 at 2.06605
The short term trend has been DOWN since Mar 22nd, 2018 at 2.05240
Smart Scan Analysis for SARNOK
Based on a pre-defined weighted trend formula for chart analysis, SARNOK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).