Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 NOKSEK
The long term trend has been UP since Feb 23rd, 2018 at 1.035425
The intermediate term trend has been UP since Jun 18th, 2018 at 1.083230
The short term trend has been UP since Jul 10th, 2018 at 1.090795
Smart Scan Analysis for NOKSEK
Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).