Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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.
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 DOWN since Apr 30th, 2018 at 0.377545
The short term trend has been DOWN since May 16th, 2018 at 0.374000
Smart Scan Analysis for CZKNOK
Based on a pre-defined weighted trend formula for chart analysis, CZKNOK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).