Future Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
NORWEGIAN KRONE/SWEDISH KRONA Dec 2018 (E) (NYBOT:NJ.Z18.E)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 NJ.Z18.E
The long term trend has been DOWN since Nov 13th, 2018 at 1.0705
The intermediate term trend has been DOWN since Oct 22nd, 2018 at 1.0890
The short term trend has been DOWN since Oct 29th, 2018 at 1.0915
Smart Scan Analysis for NJ.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, NJ.Z18.E scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1.0986||Contract High Date||2018-10-09|
|Contract Low||1.0637||Contract Low Date||2018-11-14|
|Open Time||02:00||Close Time||15:00|