Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Czech Koruna/Norwegian Krone (FOREX:CZKNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 CZKNOK
The long term trend has been UP since Aug 2nd, 2019 at 0.3838640
The intermediate term trend has been DOWN since Nov 14th, 2019 at 0.3938990
The short term trend has been DOWN since Nov 14th, 2019 at 0.3943785
Smart Scan Analysis for CZKNOK
Based on a pre-defined weighted trend formula for chart analysis, CZKNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).