Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 Mar 10th, 2017 at 0.337500
The intermediate term trend has been DOWN since Jul 17th, 2017 at 0.359420
The short term trend has been DOWN since Aug 15th, 2017 at 0.357335
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).