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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

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

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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
2.30930 2.31080 2.29645 2.29750 -0.01180
Entry Signal

MarketClub’s Trade Triangles for AEDNOK

long term up The long term trend has been UP since May 2nd, 2018 at 2.18255

intermediate term up The intermediate term trend has been UP since Oct 8th, 2018 at 2.25555

short term down The short term trend has been DOWN since Nov 16th, 2018 at 2.30695

Smart Scan Analysis for AEDNOK

Based on a pre-defined weighted trend formula for chart analysis, AEDNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for AEDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.30930 2.31080 2.29645 2.29750 -0.01180
Prev. Close Volume Bid Ask Time
2.30930 2.29610 2.29890 2018-11-16 17:48:32
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