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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.

Open High Low CHFNOK Price Change
8.257200 8.257945 8.245400 8.254150 -0.003050
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 Sep 18th, 2018 at 8.464195

short term up 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).

Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.257200 8.257945 8.245400 8.254150 -0.003050
Prev. Close Volume Bid Ask Time
8.257200 8.229060 8.279240 2018-10-21 16:38:32
Want to analyze Swiss Franc/Norwegian Krone CHFNOK or another symbol? Try our Free Forex Trend Analysis Report.