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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

Indian Rupee/Norwegian Krone (FOREX:INRNOK)

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.

FOREX_INRNOK
Open High Low INRNOK Price Change
0.12655 0.12745 0.12650 0.12740 +0.00085
Entry Signal

MarketClub’s Trade Triangles for INRNOK

long term up The long term trend has been UP since Nov 23rd, 2018 at 0.12155

intermediate term down The intermediate term trend has been DOWN since Sep 9th, 2019 at 0.12445

short term up The short term trend has been UP since Sep 20th, 2019 at 0.12595

Smart Scan Analysis for INRNOK

Based on a pre-defined weighted trend formula for chart analysis, INRNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for INRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.12655 0.12745 0.12650 0.12740 +0.00085
Prev. Close Volume Bid Ask Time
0.12655 0.12740 0.12740 2019-09-20 13:31:30
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