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Forex Trend Analysis Report

Prepared for you on Tuesday, June 19, 2018.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.

FOREX_USDNOK
Open High Low USDNOK Price Change
8.12311 8.13705 8.11566 8.13660 +0.01349
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long term trend has been UP since May 1st, 2018 at 8.04208

intermediate term down The intermediate term trend has been DOWN since Jun 12th, 2018 at 8.02470

short term up The short term trend has been UP since Jun 15th, 2018 at 8.14500

Smart Scan Analysis for USDNOK

Based on a pre-defined weighted trend formula for chart analysis, USDNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.12311 8.13705 8.11566 8.13660 +0.01349
Prev. Close Volume Bid Ask Time
8.12144 8.13410 8.13910 2018-06-19 02:49:40
Want to analyze US Dollar/Norwegian Krone USDNOK or another symbol? Try our Free Forex Trend Analysis Report.