Future Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
NORWEGIAN KRONE Dec 2017 (E) (CME:NOK.Z17.E)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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.
MarketClub’s Trade Triangles for NOK.Z17.E
The long term trend has been UP since Jul 10th, 2017 at 0.12019
The intermediate term trend has been DOWN since Sep 13th, 2017 at 0.12665
The short term trend has been UP since Oct 10th, 2017 at 0.12564
Smart Scan Analysis for NOK.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, NOK.Z17.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||0.12889||Contract High Date||2017-09-22|
|Contract Low||0.1247||Contract Low Date||2017-10-06|
|Estimated Volume||32||First Delivery||2017-12-20|