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Forex Trend Analysis Report

Prepared for you on Friday, March 22, 2019.

South African Rand/Norwegian Krone (FOREX:ZARNOK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_ZARNOK
Open High Low ZARNOK Price Change
0.595215 0.596200 0.591745 0.593775 -0.001440
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term down The long term trend has been DOWN since Mar 19th, 2019 at 0.587540

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2019 at 0.615105

short term up The short term trend has been UP since Mar 20th, 2019 at 0.595305

Smart Scan Analysis for ZARNOK

Based on a pre-defined weighted trend formula for chart analysis, ZARNOK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.595215 0.596200 0.591745 0.593775 -0.001440
Prev. Close Volume Bid Ask Time
0.595215 0.593600 0.593950 2019-03-22 10:47:49
Want to analyze South African Rand/Norwegian Krone ZARNOK or another symbol? Try our Free Forex Trend Analysis Report.