Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 AUDNOK
The long term trend has been DOWN since May 17th, 2017 at 6.23135
The intermediate term trend has been DOWN since Oct 11th, 2017 at 6.17030
The short term trend has been UP since Oct 13th, 2017 at 6.21855
Smart Scan Analysis for AUDNOK
Based on a pre-defined weighted trend formula for chart analysis, AUDNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).