Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Norwegian Krone/Euro (FOREX:NOKEUR)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Nov 14th, 2017 at 0.104760
The intermediate term trend has been DOWN since Sep 11th, 2017 at 0.107088
The short term trend has been DOWN since Dec 15th, 2017 at 0.101325
Smart Scan Analysis for NOKEUR
Based on a pre-defined weighted trend formula for chart analysis, NOKEUR scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).