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.
MarketClub’s Trade Triangles for NZDNOK
The long term trend has been DOWN since Apr 16th, 2019 at 5.71860
The intermediate term trend has been UP since May 3rd, 2019 at 5.80255
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).