Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Moroccan Dirham/Norwegian Krone (FOREX:MADNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 UP since May 29th, 2018 at 0.87015
The intermediate term trend has been UP since Feb 8th, 2019 at 0.90145
The short term trend has been UP since Feb 21st, 2019 at 0.90555
Smart Scan Analysis for MADNOK
Based on a pre-defined weighted trend formula for chart analysis, MADNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).