Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
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.
MarketClub’s Trade Triangles for CHFNOK
The long term trend has been UP since Aug 10th, 2018 at 8.403400
The intermediate term trend has been DOWN since Sep 18th, 2018 at 8.464195
The short term trend has been UP since Oct 18th, 2018 at 8.278500
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).