Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
Norwegian Krone/Danish Krone (FOREX:NOKDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 NOKDKK
The long term trend has been UP since Mar 21st, 2019 at 0.77466
The intermediate term trend has been UP since Jun 20th, 2019 at 0.76888
The short term trend has been DOWN since Jul 17th, 2019 at 0.77547
Smart Scan Analysis for NOKDKK
Based on a pre-defined weighted trend formula for chart analysis, NOKDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).