Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
Norwegian Krone/Turkish Lira (FOREX:NOKTRY)
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 NOKTRY
The long term trend has been UP since Jul 11th, 2017 at 0.435365
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.731550
The short term trend has been DOWN since Nov 12th, 2018 at 0.643405
Smart Scan Analysis for NOKTRY
Based on a pre-defined weighted trend formula for chart analysis, NOKTRY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).