Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Jun 19th, 2019 at 1.65395
The short term trend has been UP since Jun 24th, 2019 at 1.68960
Smart Scan Analysis for NOKZAR
Based on a pre-defined weighted trend formula for chart analysis, NOKZAR scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).