Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
Euro/Norwegian Krone (FOREX:EURNOK)
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 EURNOK
The long term trend has been UP since Aug 21st, 2018 at 9.72131
The intermediate term trend has been DOWN since Jan 11th, 2019 at 9.73835
The short term trend has been UP since Jan 22nd, 2019 at 9.75028
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).