Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 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 negative trend to resume. Downtrend 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 DOWN since Jul 16th, 2019 at 1.621950
The intermediate term trend has been DOWN since Sep 3rd, 2019 at 1.659650
The short term trend has been UP since Sep 16th, 2019 at 1.642755
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).