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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.

Open High Low NZDNOK Price Change
5.58365 5.63650 5.58070 5.60870 +0.02505
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term down The long term trend has been DOWN since Mar 4th, 2018 at 5.6242

intermediate term down The intermediate term trend has been DOWN since Feb 28th, 2018 at 5.6817

short term up 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).

Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.58365 5.63650 5.58070 5.60870 +0.02505
Prev. Close Volume Bid Ask Time
5.58365 5.60420 5.61320 2018-03-23 18:44:06
Want to analyze New Zealand Dollar/Norwegian Krone NZDNOK or another symbol? Try our Free Forex Trend Analysis Report.