Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 Jun 20th, 2018 at 5.6152
The short term trend has been UP since Jul 12th, 2018 at 5.4997
Smart Scan Analysis for NZDNOK
Based on a pre-defined weighted trend formula for chart analysis, NZDNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).