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Forex Trend Analysis Report

Prepared for you on Friday, December 14, 2018.

South African Rand/Norwegian Krone (FOREX:ZARNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_ZARNOK
Open High Low ZARNOK Price Change
0.601555 0.601775 0.601495 0.601495 -0.000060
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term up The long term trend has been UP since Nov 22nd, 2018 at 0.620670

intermediate term down The intermediate term trend has been DOWN since Dec 10th, 2018 at 0.596895

short term up The short term trend has been UP since Dec 12th, 2018 at 0.602045

Smart Scan Analysis for ZARNOK

Based on a pre-defined weighted trend formula for chart analysis, ZARNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.601555 0.601775 0.601495 0.601495 -0.000060
Prev. Close Volume Bid Ask Time
0.601555 0.601170 0.601820 2018-12-14 01:05:49
Want to analyze South African Rand/Norwegian Krone ZARNOK or another symbol? Try our Free Forex Trend Analysis Report.