Forex Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 AUDNOK
The long term trend has been UP since Aug 30th, 2019 at 6.1508
The intermediate term trend has been UP since Aug 15th, 2019 at 6.0965
The short term trend has been DOWN since Sep 15th, 2019 at 6.1338
Smart Scan Analysis for AUDNOK
Based on a pre-defined weighted trend formula for chart analysis, AUDNOK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).