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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.

FOREX_CHFNOK
Open High Low CHFNOK Price Change
9.20005 9.21660 9.13990 9.14610 -0.05395
Entry Signal

MarketClub’s Trade Triangles for CHFNOK

long term up The long term trend has been UP since May 23rd, 2019 at 8.7340

intermediate term up The intermediate term trend has been UP since Jul 22nd, 2019 at 8.7413

short term down 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).

+75
Smart Scan Analysis for CHFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.20005 9.21660 9.13990 9.14610 -0.05395
Prev. Close Volume Bid Ask Time
9.20005 9.14490 9.14730 2019-08-19 18:45:29
Want to analyze Swiss Franc/Norwegian Krone CHFNOK or another symbol? Try our Free Forex Trend Analysis Report.