Forex Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
Norwegian Krone/Swiss Franc (FOREX:NOKCHF)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Nov 15th, 2017 at 11.993
The intermediate term trend has been DOWN since Oct 31st, 2017 at 12.174
The short term trend has been DOWN since Nov 7th, 2017 at 12.219
Smart Scan Analysis for NOKCHF
Based on a pre-defined weighted trend formula for chart analysis, NOKCHF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).