Forex Trend Analysis Report
Prepared for you on Sunday, July 23, 2017.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
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 NOKSEK
The long term trend has been DOWN since Jan 12th, 2017 at 1.050450
The intermediate term trend has been UP since Jul 16th, 2017 at 1.034000
The short term trend has been UP since Jul 10th, 2017 at 1.012885
Smart Scan Analysis for NOKSEK
Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).