Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
/Norwegian Krone (FOREX:GHSNOK)
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 GHSNOK
The long term trend has been DOWN since Jul 13th, 2017 at 1.87320
The intermediate term trend has been UP since Mar 28th, 2018 at 1.76670
The short term trend has been UP since Apr 20th, 2018 at 1.75675
Smart Scan Analysis for GHSNOK
Based on a pre-defined weighted trend formula for chart analysis, GHSNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).