Forex Trend Analysis Report
Prepared for you on Sunday, April 30, 2017.
Norwegian Krone/Swiss Franc (FOREX:NOKCHF)
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 NOKCHF
The long term trend has been UP since Dec 13th, 2016 at 11.889528
The intermediate term trend has been DOWN since Mar 2nd, 2017 at 11.940000
The short term trend has been DOWN since Apr 27th, 2017 at 11.560000
Smart Scan Analysis for NOKCHF
Based on a pre-defined weighted trend formula for chart analysis, NOKCHF scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).