Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
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 NOKUSD
The long term trend has been UP since Jan 16th, 2018 at 0.127297
The intermediate term trend has been UP since Mar 12th, 2018 at 0.129065
The short term trend has been DOWN since Mar 21st, 2018 at 0.128995
Smart Scan Analysis for NOKUSD
Based on a pre-defined weighted trend formula for chart analysis, NOKUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).