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.
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 Jul 30th, 2019 at 9.717365
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).