Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 CHFNOK
The long term trend has been UP since Aug 10th, 2018 at 8.40340
The intermediate term trend has been DOWN since Mar 13th, 2019 at 8.52890
The short term trend has been UP since Mar 22nd, 2019 at 8.58455
Smart Scan Analysis for CHFNOK
Based on a pre-defined weighted trend formula for chart analysis, CHFNOK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).