Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
South Korean Won/Norwegian Krone (FOREX:KRWNOK)
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 KRWNOK
The long term trend has been UP since Nov 21st, 2018 at 0.00755
The intermediate term trend has been UP since Feb 11th, 2019 at 0.00765
The short term trend has been UP since Feb 11th, 2019 at 0.00760
Smart Scan Analysis for KRWNOK
Based on a pre-defined weighted trend formula for chart analysis, KRWNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).