Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Norwegian Krone/British Pound (FOREX:NOKGBP)
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 NOKGBP
The long term trend has been UP since Mar 1st, 2018 at 0.092390
The intermediate term trend has been DOWN since Aug 15th, 2018 at 0.092805
The short term trend has been DOWN since Aug 10th, 2018 at 0.093658
Smart Scan Analysis for NOKGBP
Based on a pre-defined weighted trend formula for chart analysis, NOKGBP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).