Future Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
EURO/NORWEGIAN KRONE Mar 2020 (CME:ENK.H20)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 ENK.H20
The long term trend has been DOWN since Dec 16th, 2019 at 10.1930
The intermediate term trend has been UP since Jan 21st, 2020 at 9.9425
The short term trend has been UP since Jan 10th, 2020 at 9.9060
Smart Scan Analysis for ENK.H20
Based on a pre-defined weighted trend formula for chart analysis, ENK.H20 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).