Forex Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NOKAUD
The long term trend has been UP since May 17th, 2017 at 0.160475
The intermediate term trend has been UP since Apr 11th, 2017 at 0.155570
The short term trend has been UP since May 11th, 2017 at 0.157810
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).