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Forex Trend Analysis Report

Prepared for you on Sunday, May 19, 2019.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.

FOREX_NZDNOK
Open High Low NZDNOK Price Change
5.72425 5.74200 5.71690 5.73650 +0.01225
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term down The long term trend has been DOWN since Apr 16th, 2019 at 5.71860

intermediate term up The intermediate term trend has been UP since May 3rd, 2019 at 5.80255

short term down The short term trend has been DOWN since May 13th, 2019 at 5.74180

Smart Scan Analysis for NZDNOK

Based on a pre-defined weighted trend formula for chart analysis, NZDNOK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.72425 5.74200 5.71690 5.73650 +0.01225
Prev. Close Volume Bid Ask Time
5.72425 5.73190 5.74110 2019-05-17 18:21:19
Want to analyze New Zealand Dollar/Norwegian Krone NZDNOK or another symbol? Try our Free Forex Trend Analysis Report.