Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
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 AUDNOK
The long term trend has been DOWN since Jan 1st, 2020 at 6.0440098
The intermediate term trend has been DOWN since Nov 14th, 2019 at 6.2162000
The short term trend has been UP since Jan 21st, 2020 at 6.1471826
Smart Scan Analysis for AUDNOK
Based on a pre-defined weighted trend formula for chart analysis, AUDNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).