Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Euro/Norwegian Krone (FOREX:EURNOK)
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 EURNOK
The long term trend has been UP since Aug 21st, 2018 at 9.721310
The intermediate term trend has been UP since Oct 29th, 2018 at 9.546710
The short term trend has been UP since Nov 9th, 2018 at 9.567125
Smart Scan Analysis for EURNOK
Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).