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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2019.

Romanian Leu/Norwegian Krone (FOREX:RONNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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.

Open High Low RONNOK Price Change
2.0512 2.0554 2.0458 2.0549 +0.0037
Entry Signal

MarketClub’s Trade Triangles for RONNOK

long term down The long term trend has been DOWN since Feb 1st, 2019 at 2.03130

intermediate term up The intermediate term trend has been UP since Apr 25th, 2019 at 2.03520

short term down The short term trend has been DOWN since May 14th, 2019 at 2.05635

Smart Scan Analysis for RONNOK

Based on a pre-defined weighted trend formula for chart analysis, RONNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for RONNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0512 2.0554 2.0458 2.0549 +0.0037
Prev. Close Volume Bid Ask Time
2.0512 2.0518 2.0580 2019-05-23 14:12:57
Want to analyze Romanian Leu/Norwegian Krone RONNOK or another symbol? Try our Free Forex Trend Analysis Report.