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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2019.

Qatari Rial/Norwegian Krone (FOREX:QARNOK)

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_QARNOK
Open High Low QARNOK Price Change
2.40770 2.41525 2.40185 2.40270 -0.00500
Entry Signal

MarketClub’s Trade Triangles for QARNOK

long term up The long term trend has been UP since May 1st, 2018 at 2.20625

intermediate term up The intermediate term trend has been UP since Apr 24th, 2019 at 2.37000

short term down The short term trend has been DOWN since May 22nd, 2019 at 2.40365

Smart Scan Analysis for QARNOK

Based on a pre-defined weighted trend formula for chart analysis, QARNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for QARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.40770 2.41525 2.40185 2.40270 -0.00500
Prev. Close Volume Bid Ask Time
2.40770 2.40140 2.40400 2019-05-23 14:12:56
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