Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 AUDNOK
The long term trend has been DOWN since Feb 1st, 2018 at 6.17120
The intermediate term trend has been UP since Jul 18th, 2018 at 6.05475
The short term trend has been UP since Aug 15th, 2018 at 6.12855
Smart Scan Analysis for AUDNOK
Based on a pre-defined weighted trend formula for chart analysis, AUDNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).