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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2019.

Qatari Rial/Norwegian Krone (FOREX:QARNOK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_QARNOK
Open High Low QARNOK Price Change
2.34765 2.35520 2.34500 2.35290 +0.00525
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 down The intermediate term trend has been DOWN since May 28th, 2019 at 2.38445

short term down The short term trend has been DOWN since Jul 19th, 2019 at 2.34570

Smart Scan Analysis for QARNOK

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

-70
Smart Scan Analysis for QARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.34765 2.35520 2.34500 2.35290 +0.00525
Prev. Close Volume Bid Ask Time
2.34765 2.35160 2.35420 2019-07-19 14:07:38
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