Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Moroccan Dirham/Norwegian Krone (FOREX:MADNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 MADNOK
The long term trend has been UP since May 29th, 2018 at 0.87015
The intermediate term trend has been UP since Oct 23rd, 2018 at 0.87475
The short term trend has been UP since Dec 6th, 2018 at 0.89945
Smart Scan Analysis for MADNOK
Based on a pre-defined weighted trend formula for chart analysis, MADNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).