Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NZDNOK
The long term trend has been UP since Aug 5th, 2019 at 5.8389
The intermediate term trend has been UP since Jan 23rd, 2020 at 5.9422
The short term trend has been UP since Jan 21st, 2020 at 5.9137
Smart Scan Analysis for NZDNOK
Based on a pre-defined weighted trend formula for chart analysis, NZDNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).