Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 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 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 NOKDKK
The long term trend has been DOWN since Aug 21st, 2018 at 0.766270
The intermediate term trend has been DOWN since Feb 10th, 2019 at 0.762650
The short term trend has been UP since Feb 13th, 2019 at 0.763735
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).