Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
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 NOKCAD
The long term trend has been UP since Mar 21st, 2019 at 0.157900
The intermediate term trend has been DOWN since May 2nd, 2019 at 0.154835
The short term trend has been DOWN since May 17th, 2019 at 0.153660
Smart Scan Analysis for NOKCAD
Based on a pre-defined weighted trend formula for chart analysis, NOKCAD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).