Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CZKNOK
The long term trend has been UP since Aug 2nd, 2019 at 0.3838640
The intermediate term trend has been UP since Jan 13th, 2020 at 0.3922085
The short term trend has been DOWN since Jan 20th, 2020 at 0.3924570
Smart Scan Analysis for CZKNOK
Based on a pre-defined weighted trend formula for chart analysis, CZKNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).