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Forex Trend Analysis Report

Prepared for you on Saturday, August 19, 2017.

United Arab Emirates Dirham/Norwegian Krone (FOREX:AEDNOK)

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_AEDNOK
Open High Low AEDNOK Price Change
2.15215 2.17205 2.15215 2.17205 +0.01990
Entry Signal

MarketClub’s Trade Triangles for AEDNOK

long term down The long term trend has been DOWN since Jul 12th, 2017 at 2.26510

intermediate term down The intermediate term trend has been DOWN since Jul 3rd, 2017 at 2.27450

short term down The short term trend has been DOWN since Aug 17th, 2017 at 2.15665

Smart Scan Analysis for AEDNOK

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

-70
Smart Scan Analysis for AEDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.15215 2.17205 2.15215 2.17205 +0.01990
Prev. Close Volume Bid Ask Time
2.16960 2.17080 2.17330 2017-08-17 21:43:44
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