Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NZDNOK
The long term trend has been DOWN since Mar 4th, 2018 at 5.6242
The intermediate term trend has been DOWN since Feb 28th, 2018 at 5.6817
The short term trend has been UP since Mar 22nd, 2018 at 5.6012
Smart Scan Analysis for NZDNOK
Based on a pre-defined weighted trend formula for chart analysis, NZDNOK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).