Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Norwegian Krone/Swiss Franc (FOREX:NOKCHF)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NOKCHF
The long term trend has been UP since Dec 31st, 2019 at 11.161
The intermediate term trend has been DOWN since Jan 14th, 2020 at 10.900
The short term trend has been UP since Jan 7th, 2020 at 11.050
Smart Scan Analysis for NOKCHF
Based on a pre-defined weighted trend formula for chart analysis, NOKCHF scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).