Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Norwegian Krone/Polish New Zloty (FOREX:NOKPLN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 NOKPLN
The long term trend has been DOWN since Nov 13th, 2017 at 0.444190
The intermediate term trend has been DOWN since Feb 5th, 2018 at 0.430465
The short term trend has been UP since Feb 16th, 2018 at 0.429850
Smart Scan Analysis for NOKPLN
Based on a pre-defined weighted trend formula for chart analysis, NOKPLN scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).