Forex Trend Analysis Report
Prepared for you on Wednesday, August 22, 2018.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 CADNOK
The long term trend has been UP since May 29th, 2018 at 6.38130
The intermediate term trend has been UP since Jul 19th, 2018 at 6.22170
The short term trend has been UP since Aug 9th, 2018 at 6.35515
Smart Scan Analysis for CADNOK
Based on a pre-defined weighted trend formula for chart analysis, CADNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).