Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Norwegian Krone/Icelandic Krona (FOREX:NOKISK)
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 NOKISK
The long term trend has been UP since Jan 2nd, 2020 at 13.659
The intermediate term trend has been UP since Jan 7th, 2020 at 13.856
The short term trend has been UP since Jan 2nd, 2020 at 13.256
Smart Scan Analysis for NOKISK
Based on a pre-defined weighted trend formula for chart analysis, NOKISK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).