Forex Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Mar 4th, 2018 at 0.177810
The intermediate term trend has been UP since Sep 4th, 2018 at 0.182075
The short term trend has been DOWN since Oct 11th, 2018 at 0.186470
Smart Scan Analysis for NOKNZD
Based on a pre-defined weighted trend formula for chart analysis, NOKNZD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).