Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 NOKSEK
The long term trend has been DOWN since Aug 4th, 2019 at 1.07960
The intermediate term trend has been UP since Dec 23rd, 2019 at 1.05176
The short term trend has been DOWN since Jan 20th, 2020 at 1.06480
Smart Scan Analysis for NOKSEK
Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).