Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Norwegian Krone/British Pound (FOREX:NOKGBP)
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 NOKGBP
The long term trend has been UP since Mar 1st, 2018 at 0.092390
The intermediate term trend has been DOWN since Mar 25th, 2018 at 0.091085
The short term trend has been DOWN since Apr 24th, 2018 at 0.090845
Smart Scan Analysis for NOKGBP
Based on a pre-defined weighted trend formula for chart analysis, NOKGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).