Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Jul 6th, 2017 at 0.157600
The short term trend has been DOWN since Aug 16th, 2017 at 0.159280
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).