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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

British Pound/Norwegian Krone (FOREX:GBPNOK)

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_GBPNOK
Open High Low GBPNOK Price Change
10.8344 10.9005 10.8225 10.8320 -0.0024
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term down The long term trend has been DOWN since Mar 1st, 2018 at 10.82235

intermediate term down The intermediate term trend has been DOWN since May 3rd, 2018 at 10.93700

short term down The short term trend has been DOWN since May 21st, 2018 at 10.90550

Smart Scan Analysis for GBPNOK

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

-100
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.8344 10.9005 10.8225 10.8320 -0.0024
Prev. Close Volume Bid Ask Time
10.8344 10.8310 10.8330 2018-05-23 06:38:42
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