Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Norwegian Krone/Icelandic Krona (FOREX:NOKISK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 NOKISK
The long term trend has been UP since Jun 7th, 2018 at 13.0856
The intermediate term trend has been DOWN since Feb 8th, 2019 at 13.9570
The short term trend has been DOWN since Feb 14th, 2019 at 13.8770
Smart Scan Analysis for NOKISK
Based on a pre-defined weighted trend formula for chart analysis, NOKISK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).