Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Romanian Leu/Norwegian Krone (FOREX:RONNOK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Jun 24th, 2019 at 2.04295
The short term trend has been DOWN since Jul 15th, 2019 at 2.03745
Smart Scan Analysis for RONNOK
Based on a pre-defined weighted trend formula for chart analysis, RONNOK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).