Forex Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Aug 5th, 2019 at 0.171265
The intermediate term trend has been UP since Aug 7th, 2019 at 0.175275
The short term trend has been UP since Sep 13th, 2019 at 0.174270
Smart Scan Analysis for NOKNZD
Based on a pre-defined weighted trend formula for chart analysis, NOKNZD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).