Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
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 NOKAUD
The long term trend has been UP since Jan 6th, 2020 at 0.164000
The intermediate term trend has been DOWN since Jan 23rd, 2020 at 0.161783
The short term trend has been DOWN since Jan 21st, 2020 at 0.162698
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).