Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 UP since Mar 10th, 2017 at 0.33750
The intermediate term trend has been UP since Sep 11th, 2017 at 0.35795
The short term trend has been DOWN since Dec 14th, 2017 at 0.38170
Smart Scan Analysis for CZKNOK
Based on a pre-defined weighted trend formula for chart analysis, CZKNOK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).