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Forex Trend Analysis Report

Prepared for you on Tuesday, January 22, 2019.

Swiss Franc/Norwegian Krone (FOREX:CHFNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_CHFNOK
Open High Low CHFNOK Price Change
8.58925 8.63060 8.58850 8.61971 +0.03046
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term up The long term trend has been UP since Aug 10th, 2018 at 8.403400

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2019 at 8.626350

short term up The short term trend has been UP since Jan 22nd, 2019 at 8.616505

Smart Scan Analysis for CHFNOK

Based on a pre-defined weighted trend formula for chart analysis, CHFNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.58925 8.63060 8.58850 8.61971 +0.03046
Prev. Close Volume Bid Ask Time
8.58925 8.61781 8.62161 2019-01-22 15:32:27
Want to analyze Swiss Franc/Norwegian Krone CHFNOK or another symbol? Try our Free Forex Trend Analysis Report.