Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2019.
Euro/Norwegian Krone (FOREX:EURNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 EURNOK
The long term trend has been DOWN since Mar 21st, 2019 at 9.63505
The intermediate term trend has been DOWN since Mar 13th, 2019 at 9.70587
The short term trend has been UP since Apr 23rd, 2019 at 9.58266
Smart Scan Analysis for EURNOK
Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).