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.
MarketClub’s Trade Triangles for NZDNOK
The long term trend has been DOWN since Mar 4th, 2018 at 5.62420
The intermediate term trend has been DOWN since Sep 4th, 2018 at 5.49178
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).