Forex Trend Analysis Report
Prepared for you on Tuesday, January 23, 2018.
Croatian Kuna/Norwegian Krone (FOREX:HRKNOK)
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 HRKNOK
The long term trend has been UP since Nov 14th, 2017 at 1.27245
The intermediate term trend has been DOWN since Jan 8th, 2018 at 1.30145
The short term trend has been DOWN since Jan 17th, 2018 at 1.29320
Smart Scan Analysis for HRKNOK
Based on a pre-defined weighted trend formula for chart analysis, HRKNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).