Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Euro/Norwegian Krone (FOREX:EURNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 UP since Aug 21st, 2018 at 9.721310
The intermediate term trend has been DOWN since Sep 12th, 2018 at 9.632430
The short term trend has been DOWN since Sep 20th, 2018 at 9.511395
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).