Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Norwegian Krone/Danish Krone (FOREX:NOKDKK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 2nd, 2019 at 0.75612
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 0.74670
The short term trend has been DOWN since Oct 1st, 2019 at 0.75043
Smart Scan Analysis for NOKDKK
Based on a pre-defined weighted trend formula for chart analysis, NOKDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).