Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. 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 Feb 1st, 2018 at 0.162035
The intermediate term trend has been UP since Jun 12th, 2018 at 0.164170
The short term trend has been UP since Jun 6th, 2018 at 0.161970
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).