Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Moroccan Dirham/Norwegian Krone (FOREX:MADNOK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Mar 13th, 2019 at 0.89270
The short term trend has been DOWN since Mar 11th, 2019 at 0.90240
Smart Scan Analysis for MADNOK
Based on a pre-defined weighted trend formula for chart analysis, MADNOK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).