Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2017.
Norwegian Krone/Singapore Dollar (FOREX:NOKSGD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 NOKSGD
The long term trend has been DOWN since Nov 14th, 2017 at 0.166270
The intermediate term trend has been DOWN since Sep 11th, 2017 at 0.171805
The short term trend has been UP since Dec 6th, 2017 at 0.163275
Smart Scan Analysis for NOKSGD
Based on a pre-defined weighted trend formula for chart analysis, NOKSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).