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.
MarketClub’s Trade Triangles for USDNOK
The long term trend has been UP since May 1st, 2018 at 8.04208
The intermediate term trend has been DOWN since Jun 12th, 2018 at 8.02470
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).