Future Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
NORWEGIAN KRONE Dec 2017 (E) (CME:NOK.Z17.E)
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.
MarketClub’s Trade Triangles for NOK.Z17.E
The long term trend has been DOWN since Nov 15th, 2017 at 0.12164
The intermediate term trend has been DOWN since Sep 13th, 2017 at 0.12665
The short term trend has been UP since Dec 14th, 2017 at 0.12027
Smart Scan Analysis for NOK.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, NOK.Z17.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||0.12889||Contract High Date||2017-09-22|
|Contract Low||0.11925||Contract Low Date||2017-12-11|
|Estimated Volume||248||First Delivery||2017-12-20|