Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 NOKAUD
The long term trend has been UP since May 17th, 2017 at 0.160475
The intermediate term trend has been DOWN since Oct 19th, 2017 at 0.159415
The short term trend has been DOWN since Oct 13th, 2017 at 0.160815
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).