Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 28th, 2018 at 0.380225
The intermediate term trend has been DOWN since Mar 13th, 2019 at 0.378140
The short term trend has been DOWN since Mar 21st, 2019 at 0.376428
Smart Scan Analysis for CZKNOK
Based on a pre-defined weighted trend formula for chart analysis, CZKNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).