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Forex Trend Analysis Report

Prepared for you on Monday, May 22, 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
2.28595 2.28595 2.26885 2.26885 -0.01710
Entry Signal

MarketClub’s Trade Triangles for AEDNOK

long term up The long term trend has been UP since Nov 17th, 2016 at 2.31825

intermediate term down The intermediate term trend has been DOWN since May 16th, 2017 at 2.31805

short term down The short term trend has been DOWN since May 10th, 2017 at 2.34855

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
2.28595 2.28595 2.26885 2.26885 -0.01710
Prev. Close Volume Bid Ask Time
2.28595 2.26750 2.27020 2017-05-22 12:18:45
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