Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Euro/Norwegian Krone (FOREX:EURNOK)
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 EURNOK
The long term trend has been UP since Aug 2nd, 2019 at 9.874800
The intermediate term trend has been UP since Dec 3rd, 2019 at 10.165585
The short term trend has been DOWN since Dec 6th, 2019 at 10.133295
Smart Scan Analysis for EURNOK
Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).