Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Norwegian Krone/ (FOREX:NOKCNH)
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 NOKCNH
The long term trend has been UP since Jun 28th, 2018 at 0.8089
The intermediate term trend has been UP since Sep 18th, 2018 at 0.8340
The short term trend has been DOWN since Oct 18th, 2018 at 0.8436
Smart Scan Analysis for NOKCNH
Based on a pre-defined weighted trend formula for chart analysis, NOKCNH scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).