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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Australian Dollar/Norwegian Krone (FOREX:AUDNOK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_AUDNOK
Open High Low AUDNOK Price Change
5.87900 5.89080 5.84625 5.84625 -0.03275
Entry Signal

MarketClub’s Trade Triangles for AUDNOK

long term down The long term trend has been DOWN since Feb 1st, 2018 at 6.1712

intermediate term down The intermediate term trend has been DOWN since Aug 30th, 2018 at 6.0615

short term up The short term trend has been UP since Oct 17th, 2018 at 5.8330

Smart Scan Analysis for AUDNOK

Based on a pre-defined weighted trend formula for chart analysis, AUDNOK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for AUDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.87900 5.89080 5.84625 5.84625 -0.03275
Prev. Close Volume Bid Ask Time
5.879 5.84470 5.84780 2018-10-19 18:36:10
Want to analyze Australian Dollar/Norwegian Krone AUDNOK or another symbol? Try our Free Forex Trend Analysis Report.