Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
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 NOKNZD
The long term trend has been UP since Mar 4th, 2018 at 0.177810
The intermediate term trend has been UP since Feb 28th, 2018 at 0.175995
The short term trend has been DOWN since Mar 22nd, 2018 at 0.178555
Smart Scan Analysis for NOKNZD
Based on a pre-defined weighted trend formula for chart analysis, NOKNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).