Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
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 NOKAUD
The long term trend has been DOWN since Nov 23rd, 2018 at 0.161095
The intermediate term trend has been UP since Dec 9th, 2018 at 0.163730
The short term trend has been UP since Dec 4th, 2018 at 0.160230
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).