Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
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 JPYNOK
The long term trend has been DOWN since Dec 13th, 2019 at 0.082314
The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.083215
The short term trend has been UP since Jan 20th, 2020 at 0.080961
Smart Scan Analysis for JPYNOK
Based on a pre-defined weighted trend formula for chart analysis, JPYNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).