Forex Trend Analysis Report
Prepared for you on Friday, April 20, 2018.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NOKSEK
The long term trend has been UP since Feb 23rd, 2018 at 1.035425
The intermediate term trend has been UP since Feb 20th, 2018 at 1.027655
The short term trend has been DOWN since Apr 17th, 2018 at 1.081300
Smart Scan Analysis for NOKSEK
Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).