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.
MarketClub’s Trade Triangles for RONNOK
The long term trend has been DOWN since Feb 1st, 2019 at 2.03130
The intermediate term trend has been UP since Apr 25th, 2019 at 2.03520
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).