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Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
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MarketClub’s Trade Triangles for CHFNOK
The long term trend has been UP since May 23rd, 2019 at 8.7340
The intermediate term trend has been UP since Oct 8th, 2019 at 9.2022
The short term trend has been UP since Dec 10th, 2019 at 9.2625
Smart Scan Analysis for CHFNOK
Based on a pre-defined weighted trend formula for chart analysis, CHFNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 9.318883 | 9.322000 | 9.293713 | 9.308800 | -0.010083 |
| Prev. Close | Volume | Bid | Ask | Time |
| 9.318883 | 9.307600 | 9.310000 | 2019-12-11 04:31:11 |