Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CHFNOK
The long term trend has been DOWN since Mar 15th, 2018 at 8.13533
The intermediate term trend has been UP since May 18th, 2018 at 8.14200
The short term trend has been UP since May 15th, 2018 at 8.03860
Smart Scan Analysis for CHFNOK
Based on a pre-defined weighted trend formula for chart analysis, CHFNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).