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Forex Trend Analysis Report

Prepared for you on Thursday, February 22, 2018.

Australian Dollar/Norwegian Krone (FOREX:AUDNOK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
6.14275 6.19285 6.14120 6.15955 +0.01680
Entry Signal

MarketClub’s Trade Triangles for AUDNOK

long term down The long term trend has been DOWN since Feb 1st, 2018 at 6.171200

intermediate term down The intermediate term trend has been DOWN since Jan 7th, 2018 at 6.316520

short term down The short term trend has been DOWN since Feb 21st, 2018 at 6.143225

Smart Scan Analysis for AUDNOK

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

-100
Smart Scan Analysis for AUDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.14275 6.19285 6.14120 6.15955 +0.01680
Prev. Close Volume Bid Ask Time
6.14275 6.15830 6.16080 2018-02-22 17:27:04
Want to analyze Australian Dollar/Norwegian Krone AUDNOK or another symbol? Try our Free Forex Trend Analysis Report.