Future Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
NORWEGIAN KRONE Dec 2019 (CME:NOK.Z19)
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 NOK.Z19
The long term trend has been DOWN since Oct 8th, 2019 at 0.10939
The intermediate term trend has been DOWN since Nov 29th, 2019 at 0.10870
The short term trend has been UP since Dec 4th, 2019 at 0.10915
Smart Scan Analysis for NOK.Z19
Based on a pre-defined weighted trend formula for chart analysis, NOK.Z19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).