Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Norwegian Krone/Icelandic Krona (FOREX:NOKISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 NOKISK
The long term trend has been UP since Jun 7th, 2018 at 13.0856
The intermediate term trend has been UP since Sep 4th, 2018 at 13.0510
The short term trend has been DOWN since Sep 14th, 2018 at 13.4795
Smart Scan Analysis for NOKISK
Based on a pre-defined weighted trend formula for chart analysis, NOKISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).