Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Moroccan Dirham/Norwegian Krone (FOREX:MADNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 MADNOK
The long term trend has been DOWN since Mar 21st, 2019 at 0.88375
The intermediate term trend has been UP since Apr 24th, 2019 at 0.89325
The short term trend has been DOWN since May 22nd, 2019 at 0.90360
Smart Scan Analysis for MADNOK
Based on a pre-defined weighted trend formula for chart analysis, MADNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).