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.
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 UP since May 22nd, 2019 at 14.1225
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).