Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 NOKSEK
The long term trend has been UP since Feb 19th, 2019 at 1.0867
The intermediate term trend has been UP since Jun 20th, 2019 at 1.1014
The short term trend has been DOWN since Jul 15th, 2019 at 1.0960
Smart Scan Analysis for NOKSEK
Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).