Forex Trend Analysis Report
Prepared for you on Monday, June 26, 2017.
Norwegian Krone/Swiss Franc (FOREX:NOKCHF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 NOKCHF
The long term trend has been DOWN since May 4th, 2017 at 11.4700
The intermediate term trend has been DOWN since May 31st, 2017 at 11.4585
The short term trend has been DOWN since Jun 20th, 2017 at 11.4500
Smart Scan Analysis for NOKCHF
Based on a pre-defined weighted trend formula for chart analysis, NOKCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).