Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
Norwegian Krone/ (FOREX:NOKCNH)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NOKCNH
The long term trend has been UP since Jun 28th, 2018 at 0.8089
The intermediate term trend has been DOWN since Aug 14th, 2018 at 0.8323
The short term trend has been DOWN since Aug 9th, 2018 at 0.8328
Smart Scan Analysis for NOKCNH
Based on a pre-defined weighted trend formula for chart analysis, NOKCNH scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).