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.
MarketClub’s Trade Triangles for QARNOK
The long term trend has been UP since May 1st, 2018 at 2.20625
The intermediate term trend has been UP since Apr 24th, 2019 at 2.37000
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).