Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Norwegian Krone/Czech Koruna (FOREX:NOKCZK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 NOKCZK
The long term trend has been DOWN since Aug 2nd, 2019 at 2.60500
The intermediate term trend has been DOWN since Jan 13th, 2020 at 2.54965
The short term trend has been UP since Jan 24th, 2020 at 2.53130
Smart Scan Analysis for NOKCZK
Based on a pre-defined weighted trend formula for chart analysis, NOKCZK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).