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Forex Trend Analysis Report

Prepared for you on Monday, September 25, 2017.

Swiss Franc/Norwegian Krone (FOREX:CHFNOK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
8.049095 8.059950 8.028900 8.029945 -0.019150
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term down The long term trend has been DOWN since Jul 14th, 2017 at 8.50280

intermediate term down The intermediate term trend has been DOWN since Sep 21st, 2017 at 8.07505

short term down The short term trend has been DOWN since Sep 14th, 2017 at 8.15000

Smart Scan Analysis for CHFNOK

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

-100
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.049095 8.059950 8.028900 8.029945 -0.019150
Prev. Close Volume Bid Ask Time
8.049095 8.028040 8.031850 2017-09-25 09:28:17
Want to analyze Swiss Franc/Norwegian Krone CHFNOK or another symbol? Try our Free Forex Trend Analysis Report.