Forex Trend Analysis Report
Prepared for you on Saturday, June 24, 2017.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Jun 6th, 2017 at 0.157485
The short term trend has been UP since Jun 22nd, 2017 at 0.155900
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).