Forex Trend Analysis Report
Prepared for you on Monday, March 19, 2018.
Norwegian Krone/Icelandic Krona (FOREX:NOKISK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 NOKISK
The long term trend has been DOWN since Nov 8th, 2017 at 12.81605
The intermediate term trend has been UP since Mar 15th, 2018 at 12.94080
The short term trend has been UP since Mar 12th, 2018 at 12.85725
Smart Scan Analysis for NOKISK
Based on a pre-defined weighted trend formula for chart analysis, NOKISK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).