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.
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 DOWN since Sep 9th, 2019 at 0.12445
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).