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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

Euro/Norwegian Krone (FOREX:EURNOK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_EURNOK
Open High Low EURNOK Price Change
9.94630 9.97355 9.93277 9.96161 +0.01531
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long term trend has been UP since Aug 2nd, 2019 at 9.874800

intermediate term up The intermediate term trend has been UP since Jul 30th, 2019 at 9.717365

short term down The short term trend has been DOWN since Aug 19th, 2019 at 9.960990

Smart Scan Analysis for EURNOK

Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.94630 9.97355 9.93277 9.96161 +0.01531
Prev. Close Volume Bid Ask Time
9.94630 9.96087 9.96235 2019-08-23 11:16:45
Want to analyze Euro/Norwegian Krone EURNOK or another symbol? Try our Free Forex Trend Analysis Report.