Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
/Norwegian Krone (FOREX:GHSNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 GHSNOK
The long term trend has been DOWN since Jun 4th, 2018 at 1.72285
The intermediate term trend has been UP since Oct 9th, 2018 at 1.73095
The short term trend has been DOWN since Oct 10th, 2018 at 1.66815
Smart Scan Analysis for GHSNOK
Based on a pre-defined weighted trend formula for chart analysis, GHSNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).