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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2019.

Norwegian Krone/Icelandic Krona (FOREX:NOKISK)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

FOREX_NOKISK
Open High Low NOKISK Price Change
14.6200 14.6380 14.5730 14.5885 -0.0315
Entry Signal

MarketClub’s Trade Triangles for NOKISK

long term up The long term trend has been UP since Jun 7th, 2018 at 13.0856

intermediate term up The intermediate term trend has been UP since May 22nd, 2019 at 14.1225

short term down The short term trend has been DOWN since Jul 18th, 2019 at 14.6795

Smart Scan Analysis for NOKISK

Based on a pre-defined weighted trend formula for chart analysis, NOKISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for NOKISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.6200 14.6380 14.5730 14.5885 -0.0315
Prev. Close Volume Bid Ask Time
14.6200 14.5480 14.6290 2019-07-19 14:07:37
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