Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Norwegian Krone/Japanese Yen (FOREX:NOKJPY)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 Dec 17th, 2018 at 13.101
The intermediate term trend has been UP since Mar 18th, 2019 at 13.100
The short term trend has been UP since Mar 22nd, 2019 at 13.126
Smart Scan Analysis for NOKJPY
Based on a pre-defined weighted trend formula for chart analysis, NOKJPY scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).