Forex Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
Norwegian Krone/Singapore Dollar (FOREX:NOKSGD)
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 NOKSGD
The long term trend has been DOWN since Aug 17th, 2018 at 0.161795
The intermediate term trend has been UP since Sep 10th, 2018 at 0.164490
The short term trend has been UP since Sep 25th, 2018 at 0.168095
Smart Scan Analysis for NOKSGD
Based on a pre-defined weighted trend formula for chart analysis, NOKSGD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).