Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Euro/Norwegian Krone (FOREX:EURNOK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 EURNOK
The long term trend has been DOWN since Mar 15th, 2018 at 9.526340
The intermediate term trend has been UP since Jul 18th, 2018 at 9.535815
The short term trend has been UP since Jul 11th, 2018 at 9.447300
Smart Scan Analysis for EURNOK
Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).