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Forex Trend Analysis Report

Prepared for you on Thursday, August 16, 2018.

Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_NOKNZD
Open High Low NOKNZD Price Change
0.180280 0.180545 0.179170 0.179555 -0.000725
Entry Signal

MarketClub’s Trade Triangles for NOKNZD

long term up The long term trend has been UP since Mar 4th, 2018 at 0.177810

intermediate term down The intermediate term trend has been DOWN since Aug 16th, 2018 at 0.179265

short term down The short term trend has been DOWN since Aug 13th, 2018 at 0.180630

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).

-60
Smart Scan Analysis for NOKNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.180280 0.180545 0.179170 0.179555 -0.000725
Prev. Close Volume Bid Ask Time
0.180280 0.179500 0.179610 2018-08-16 11:39:47
Want to analyze Norwegian Krone/New Zealand Dollar NOKNZD or another symbol? Try our Free Forex Trend Analysis Report.