Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
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 NZDNOK
The long term trend has been UP since Aug 5th, 2019 at 5.8389
The intermediate term trend has been UP since Oct 8th, 2019 at 5.7740
The short term trend has been DOWN since Oct 13th, 2019 at 5.7479
Smart Scan Analysis for NZDNOK
Based on a pre-defined weighted trend formula for chart analysis, NZDNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).