Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Sep 1st, 2019 at 0.162695
The intermediate term trend has been DOWN since Aug 15th, 2019 at 0.164030
The short term trend has been UP since Sep 15th, 2019 at 0.162915
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).