Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Swiss Franc/Norwegian Krone (FOREX:CHFNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 CHFNOK
The long term trend has been UP since May 23rd, 2019 at 8.7340
The intermediate term trend has been UP since Jul 22nd, 2019 at 8.7413
The short term trend has been DOWN since Aug 19th, 2019 at 9.1645
Smart Scan Analysis for CHFNOK
Based on a pre-defined weighted trend formula for chart analysis, CHFNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).