Forex Trend Analysis Report
Prepared for you on Thursday, June 21, 2018.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 NOKUSD
The long term trend has been DOWN since May 1st, 2018 at 0.12434
The intermediate term trend has been UP since Jun 12th, 2018 at 0.12463
The short term trend has been DOWN since Jun 14th, 2018 at 0.12381
Smart Scan Analysis for NOKUSD
Based on a pre-defined weighted trend formula for chart analysis, NOKUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).