Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
US Dollar/Norwegian Krone (FOREX:USDNOK)
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 USDNOK
The long term trend has been DOWN since Jan 16th, 2018 at 7.85594
The intermediate term trend has been DOWN since Mar 12th, 2018 at 7.74793
The short term trend has been UP since Mar 22nd, 2018 at 7.75780
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).