Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
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 NOKNZD
The long term trend has been UP since Apr 11th, 2019 at 0.17434
The intermediate term trend has been DOWN since May 3rd, 2019 at 0.17234
The short term trend has been UP since May 13th, 2019 at 0.17413
Smart Scan Analysis for NOKNZD
Based on a pre-defined weighted trend formula for chart analysis, NOKNZD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).