Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Indian Rupee/Norwegian Krone (FOREX:INRNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 INRNOK
The long term trend has been UP since Nov 23rd, 2018 at 0.12155
The intermediate term trend has been UP since Feb 8th, 2019 at 0.12095
The short term trend has been DOWN since Mar 21st, 2019 at 0.12330
Smart Scan Analysis for INRNOK
Based on a pre-defined weighted trend formula for chart analysis, INRNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).