Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
Norwegian Krone/Swiss Franc (FOREX:NOKCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 NOKCHF
The long term trend has been UP since Mar 15th, 2018 at 12.270623
The intermediate term trend has been UP since Apr 12th, 2018 at 12.363003
The short term trend has been DOWN since Apr 23rd, 2018 at 12.429000
Smart Scan Analysis for NOKCHF
Based on a pre-defined weighted trend formula for chart analysis, NOKCHF scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).