Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
/Norwegian Krone (FOREX:RONNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 RONNOK
The long term trend has been DOWN since Feb 1st, 2019 at 2.0313
The intermediate term trend has been UP since Feb 11th, 2019 at 2.0737
The short term trend has been DOWN since Feb 14th, 2019 at 2.0549
Smart Scan Analysis for RONNOK
Based on a pre-defined weighted trend formula for chart analysis, RONNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).