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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_NZDNOK
Open High Low NZDNOK Price Change
5.42425 5.44780 5.40850 5.42200 -0.00225
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term down The long term trend has been DOWN since Mar 4th, 2018 at 5.62420

intermediate term down The intermediate term trend has been DOWN since Sep 4th, 2018 at 5.49178

short term up The short term trend has been UP since Oct 11th, 2018 at 5.36350

Smart Scan Analysis for NZDNOK

Based on a pre-defined weighted trend formula for chart analysis, NZDNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.42425 5.44780 5.40850 5.42200 -0.00225
Prev. Close Volume Bid Ask Time
5.42425 5.41760 5.42640 2018-10-19 18:33:59
Want to analyze New Zealand Dollar/Norwegian Krone NZDNOK or another symbol? Try our Free Forex Trend Analysis Report.