Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Kuwaiti Dinar/Norwegian Krone (FOREX:KWDNOK)
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 KWDNOK
The long term trend has been DOWN since Jan 18th, 2018 at 26.01440
The intermediate term trend has been UP since Mar 28th, 2018 at 26.19095
The short term trend has been UP since Apr 20th, 2018 at 25.97595
Smart Scan Analysis for KWDNOK
Based on a pre-defined weighted trend formula for chart analysis, KWDNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).