Forex Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
Mauritius Rupee/Norwegian Krone (FOREX:MURNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 MURNOK
The long term trend has been DOWN since Mar 21st, 2019 at 0.24515
The intermediate term trend has been DOWN since May 24th, 2019 at 0.24575
The short term trend has been UP since Jun 14th, 2019 at 0.24465
Smart Scan Analysis for MURNOK
Based on a pre-defined weighted trend formula for chart analysis, MURNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).