Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Norwegian Krone/Euro (FOREX:NOKEUR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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 NOKEUR
The long term trend has been DOWN since Aug 2nd, 2019 at 0.101265
The intermediate term trend has been DOWN since Oct 2nd, 2019 at 0.100004
The short term trend has been DOWN since Oct 1st, 2019 at 0.100510
Smart Scan Analysis for NOKEUR
Based on a pre-defined weighted trend formula for chart analysis, NOKEUR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).