Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 NOKZAR
The long term trend has been DOWN since Jul 16th, 2019 at 1.6219500
The intermediate term trend has been UP since Jan 3rd, 2020 at 1.6213899
The short term trend has been DOWN since Jan 21st, 2020 at 1.6150729
Smart Scan Analysis for NOKZAR
Based on a pre-defined weighted trend formula for chart analysis, NOKZAR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).