Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 0.124340
The intermediate term trend has been UP since Jan 9th, 2019 at 0.117510
The short term trend has been DOWN since Jan 13th, 2019 at 0.117088
Smart Scan Analysis for NOKUSD
Based on a pre-defined weighted trend formula for chart analysis, NOKUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).