Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
South African Rand/Norwegian Krone (FOREX:ZARNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 ZARNOK
The long term trend has been UP since Jul 11th, 2019 at 0.616680
The intermediate term trend has been UP since Oct 13th, 2019 at 0.612940
The short term trend has been UP since Oct 17th, 2019 at 0.618093
Smart Scan Analysis for ZARNOK
Based on a pre-defined weighted trend formula for chart analysis, ZARNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).