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.
MarketClub’s Trade Triangles for ZARNOK
The long term trend has been UP since Nov 22nd, 2018 at 0.620670
The intermediate term trend has been DOWN since Dec 10th, 2018 at 0.596895
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).