Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Aug 28th, 2018 at 0.380225
The intermediate term trend has been DOWN since Sep 13th, 2018 at 0.374748
The short term trend has been DOWN since Oct 9th, 2018 at 0.367747
Smart Scan Analysis for CZKNOK
Based on a pre-defined weighted trend formula for chart analysis, CZKNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).