Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Mar 14th, 2019 at 1.69615
The intermediate term trend has been UP since Feb 14th, 2019 at 1.62605
The short term trend has been DOWN since Mar 19th, 2019 at 1.68300
Smart Scan Analysis for NOKZAR
Based on a pre-defined weighted trend formula for chart analysis, NOKZAR scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).