Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
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 NOKNZD
The long term trend has been DOWN since Nov 7th, 2018 at 0.177170
The intermediate term trend has been UP since Dec 31st, 2018 at 0.171915
The short term trend has been UP since Jan 16th, 2019 at 0.172090
Smart Scan Analysis for NOKNZD
Based on a pre-defined weighted trend formula for chart analysis, NOKNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).