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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.

FOREX_ZARNOK
Open High Low ZARNOK Price Change
0.61475549 0.62123557 0.61359526 0.61897712 +0.00422200
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term up The long term trend has been UP since Jul 11th, 2019 at 0.616680

intermediate term up The intermediate term trend has been UP since Oct 13th, 2019 at 0.612940

short term up 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).

+90
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.61475549 0.62123557 0.61359526 0.61897712 +0.00422200
Prev. Close Volume Bid Ask Time
0.61475549 0.61868079 0.61927345 2019-10-17 23:09:26
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