Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 NOKUSD
The long term trend has been DOWN since May 1st, 2018 at 0.124340
The intermediate term trend has been UP since Mar 15th, 2019 at 0.117440
The short term trend has been UP since Mar 11th, 2019 at 0.115495
Smart Scan Analysis for NOKUSD
Based on a pre-defined weighted trend formula for chart analysis, NOKUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).