Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Euro/Norwegian Krone (FOREX:EURNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 EURNOK
The long term trend has been UP since Feb 3rd, 2020 at 10.25566
The intermediate term trend has been UP since Jan 20th, 2020 at 9.91255
The short term trend has been DOWN since Feb 5th, 2020 at 10.15920
Smart Scan Analysis for EURNOK
Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).