Forex Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
Norwegian Krone/Czech Koruna (FOREX:NOKCZK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 2.9806
The intermediate term trend has been UP since Jan 7th, 2018 at 2.6401
The short term trend has been DOWN since Jan 16th, 2018 at 2.6326
Smart Scan Analysis for NOKCZK
Based on a pre-defined weighted trend formula for chart analysis, NOKCZK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).