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Forex Trend Analysis Report

Prepared for you on Sunday, May 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.

FOREX_MYRNOK
Open High Low MYRNOK Price Change
2.09760 2.10505 2.09545 2.10440 +0.00680
Entry Signal

MarketClub’s Trade Triangles for MYRNOK

long term down The long term trend has been DOWN since Apr 16th, 2019 at 2.05120

intermediate term up The intermediate term trend has been UP since Apr 29th, 2019 at 2.10260

short term up The short term trend has been UP since May 17th, 2019 at 2.10015

Smart Scan Analysis for MYRNOK

Based on a pre-defined weighted trend formula for chart analysis, MYRNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MYRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.09760 2.10505 2.09545 2.10440 +0.00680
Prev. Close Volume Bid Ask Time
2.09760 2.10240 2.10640 2019-05-17 14:10:35
Want to analyze Malaysian Ringt/Norwegian Krone MYRNOK or another symbol? Try our Free Forex Trend Analysis Report.