Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Norwegian Krone/Polish New Zloty (FOREX:NOKPLN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 NOKPLN
The long term trend has been DOWN since Aug 28th, 2018 at 0.436985
The intermediate term trend has been UP since Sep 11th, 2018 at 0.446160
The short term trend has been UP since Oct 16th, 2018 at 0.455515
Smart Scan Analysis for NOKPLN
Based on a pre-defined weighted trend formula for chart analysis, NOKPLN scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).