Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Sri Lankan Rupee/Norwegian Krone (FOREX:LKRNOK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 LKRNOK
The long term trend has been UP since Mar 8th, 2019 at 0.04905
The intermediate term trend has been UP since Mar 8th, 2019 at 0.04905
The short term trend has been DOWN since Mar 12th, 2019 at 0.04845
Smart Scan Analysis for LKRNOK
Based on a pre-defined weighted trend formula for chart analysis, LKRNOK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).