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Forex Trend Analysis Report

Prepared for you on Thursday, December 12, 2019.

Norwegian Krone/Czech Koruna (FOREX:NOKCZK)

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.

FOREX_NOKCZK
Open High Low NOKCZK Price Change
2.5213 2.5268 2.5158 2.5254 +0.0041
Entry Signal

MarketClub’s Trade Triangles for NOKCZK

long term down The long term trend has been DOWN since Aug 2nd, 2019 at 2.60500

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 2.51135

short term down The short term trend has been DOWN since Dec 10th, 2019 at 2.51580

Smart Scan Analysis for NOKCZK

Based on a pre-defined weighted trend formula for chart analysis, NOKCZK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for NOKCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5213 2.5268 2.5158 2.5254 +0.0041
Prev. Close Volume Bid Ask Time
2.5213 2.5234 2.5274 2019-12-12 13:48:32
Want to analyze Norwegian Krone/Czech Koruna NOKCZK or another symbol? Try our Free Forex Trend Analysis Report.