Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
Norwegian Krone/Turkish Lira (FOREX:NOKTRY)
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 NOKTRY
The long term trend has been DOWN since Jul 30th, 2019 at 0.6333200
The intermediate term trend has been UP since Nov 18th, 2019 at 0.6333475
The short term trend has been UP since Dec 3rd, 2019 at 0.6291590
Smart Scan Analysis for NOKTRY
Based on a pre-defined weighted trend formula for chart analysis, NOKTRY scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).