Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management 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 CZKNOK
The long term trend has been DOWN since Mar 9th, 2018 at 0.375640
The intermediate term trend has been UP since Jul 19th, 2018 at 0.369290
The short term trend has been UP since Aug 16th, 2018 at 0.372875
Smart Scan Analysis for CZKNOK
Based on a pre-defined weighted trend formula for chart analysis, CZKNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).