Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DOWN since Jul 5th, 2019 at 0.152520
The intermediate term trend has been DOWN since Jul 5th, 2019 at 0.152560
The short term trend has been UP since Jul 19th, 2019 at 0.152875
Smart Scan Analysis for NOKCAD
Based on a pre-defined weighted trend formula for chart analysis, NOKCAD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).