Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Norwegian Krone/Japanese Yen (FOREX:NOKJPY)
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 NOKJPY
The long term trend has been DOWN since May 7th, 2019 at 12.596
The intermediate term trend has been UP since Sep 9th, 2019 at 11.947
The short term trend has been DOWN since Sep 20th, 2019 at 12.013
Smart Scan Analysis for NOKJPY
Based on a pre-defined weighted trend formula for chart analysis, NOKJPY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).