Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)
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 NOKCNH
The long term trend has been DOWN since Sep 3rd, 2019 at 0.7910
The intermediate term trend has been DOWN since Sep 3rd, 2019 at 0.8283
The short term trend has been UP since Sep 19th, 2019 at 0.7915
Smart Scan Analysis for NOKCNH
Based on a pre-defined weighted trend formula for chart analysis, NOKCNH scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).