Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Norwegian Krone/Euro (FOREX:NOKEUR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 NOKEUR
The long term trend has been DOWN since Aug 21st, 2018 at 0.102865
The intermediate term trend has been DOWN since Feb 10th, 2019 at 0.102170
The short term trend has been UP since Feb 13th, 2019 at 0.102335
Smart Scan Analysis for NOKEUR
Based on a pre-defined weighted trend formula for chart analysis, NOKEUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).