Forex Trend Analysis Report
Prepared for you on Friday, February 23, 2018.
Norwegian Krone/Singapore Dollar (FOREX:NOKSGD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 NOKSGD
The long term trend has been UP since Feb 1st, 2018 at 0.170660
The intermediate term trend has been DOWN since Feb 9th, 2018 at 0.166895
The short term trend has been DOWN since Feb 20th, 2018 at 0.168265
Smart Scan Analysis for NOKSGD
Based on a pre-defined weighted trend formula for chart analysis, NOKSGD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).