Forex Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
Norwegian Krone/Czech Koruna (FOREX:NOKCZK)
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 NOKCZK
The long term trend has been DOWN since Mar 9th, 2017 at 2.98060
The intermediate term trend has been DOWN since Sep 11th, 2017 at 2.79365
The short term trend has been DOWN since Oct 17th, 2017 at 2.76055
Smart Scan Analysis for NOKCZK
Based on a pre-defined weighted trend formula for chart analysis, NOKCZK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).