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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.

FOREX_NOKDKK
Open High Low NOKDKK Price Change
0.774140 0.774980 0.772800 0.774915 +0.000775
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term up The long term trend has been UP since Mar 21st, 2019 at 0.77466

intermediate term up The intermediate term trend has been UP since Jun 20th, 2019 at 0.76888

short term down 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).

+85
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.774140 0.774980 0.772800 0.774915 +0.000775
Prev. Close Volume Bid Ask Time
0.77414 0.774770 0.775060 2019-07-18 15:23:17
Want to analyze Norwegian Krone/Danish Krone NOKDKK or another symbol? Try our Free Forex Trend Analysis Report.