Forex Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
Norwegian Krone/Japanese Yen (FOREX:NOKJPY)
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 NOKJPY
The long term trend has been UP since Oct 2nd, 2016 at 12.73465
The intermediate term trend has been DOWN since Oct 8th, 2017 at 14.05663
The short term trend has been DOWN since Oct 16th, 2017 at 14.13900
Smart Scan Analysis for NOKJPY
Based on a pre-defined weighted trend formula for chart analysis, NOKJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).