Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 NOKCAD
The long term trend has been DOWN since May 29th, 2018 at 0.156715
The intermediate term trend has been UP since Dec 5th, 2018 at 0.156670
The short term trend has been UP since Jan 18th, 2019 at 0.155640
Smart Scan Analysis for NOKCAD
Based on a pre-defined weighted trend formula for chart analysis, NOKCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).