Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
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 JPYNOK
The long term trend has been DOWN since Sep 25th, 2018 at 0.071909
The intermediate term trend has been UP since Oct 18th, 2018 at 0.073600
The short term trend has been UP since Dec 12th, 2018 at 0.075779
Smart Scan Analysis for JPYNOK
Based on a pre-defined weighted trend formula for chart analysis, JPYNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).