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.
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 DOWN since Aug 16th, 2018 at 0.179265
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).