Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Malaysian Ringt/Norwegian Krone (FOREX:MYRNOK)
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 MYRNOK
The long term trend has been UP since Dec 3rd, 2018 at 2.05805
The intermediate term trend has been UP since Feb 7th, 2019 at 2.08980
The short term trend has been DOWN since Feb 18th, 2019 at 2.11805
Smart Scan Analysis for MYRNOK
Based on a pre-defined weighted trend formula for chart analysis, MYRNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).