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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.

FOREX_RONNOK
Open High Low RONNOK Price Change
2.03265 2.03340 2.02545 2.02940 -0.00325
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 down The intermediate term trend has been DOWN since Jun 24th, 2019 at 2.04295

short term down 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).

-90
Smart Scan Analysis for RONNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.03265 2.03340 2.02545 2.02940 -0.00325
Prev. Close Volume Bid Ask Time
2.03265 2.02630 2.03250 2019-07-16 14:17:20
Want to analyze Romanian Leu/Norwegian Krone RONNOK or another symbol? Try our Free Forex Trend Analysis Report.