Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
South African Rand/Norwegian Krone (FOREX:ZARNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ZARNOK
The long term trend has been UP since Dec 4th, 2017 at 0.61145
The intermediate term trend has been DOWN since Mar 4th, 2018 at 0.65057
The short term trend has been UP since Mar 21st, 2018 at 0.64837
Smart Scan Analysis for ZARNOK
Based on a pre-defined weighted trend formula for chart analysis, ZARNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).