Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 NOKAUD
The long term trend has been DOWN since Nov 23rd, 2018 at 0.161095
The intermediate term trend has been DOWN since Feb 11th, 2019 at 0.162600
The short term trend has been DOWN since Feb 10th, 2019 at 0.163280
Smart Scan Analysis for NOKAUD
Based on a pre-defined weighted trend formula for chart analysis, NOKAUD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).