Forex Trend Analysis Report
Prepared for you on Saturday, May 25, 2019.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
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 NOKSEK
The long term trend has been UP since Feb 19th, 2019 at 1.086700
The intermediate term trend has been UP since Jan 16th, 2019 at 1.051425
The short term trend has been DOWN since May 24th, 2019 at 1.097500
Smart Scan Analysis for NOKSEK
Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).