Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Feb 1st, 2018 at 0.162035
The intermediate term trend has been UP since Aug 30th, 2018 at 0.164945
The short term trend has been UP since Oct 22nd, 2018 at 0.171360
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).