Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Norwegian Krone/Singapore Dollar (FOREX:NOKSGD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NOKSGD
The long term trend has been UP since Jan 2nd, 2020 at 0.1536625
The intermediate term trend has been DOWN since Jan 20th, 2020 at 0.1510900
The short term trend has been DOWN since Jan 3rd, 2020 at 0.1527220
Smart Scan Analysis for NOKSGD
Based on a pre-defined weighted trend formula for chart analysis, NOKSGD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).