Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Jun 11th, 2019 at 0.17623
The short term trend has been DOWN since Jun 18th, 2019 at 0.17600
Smart Scan Analysis for NOKNZD
Based on a pre-defined weighted trend formula for chart analysis, NOKNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).