Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Norwegian Krone/Euro (FOREX:NOKEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 NOKEUR
The long term trend has been DOWN since Mar 10th, 2017 at 0.109630
The intermediate term trend has been DOWN since Aug 11th, 2017 at 0.106406
The short term trend has been UP since Aug 15th, 2017 at 0.107095
Smart Scan Analysis for NOKEUR
Based on a pre-defined weighted trend formula for chart analysis, NOKEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).