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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

British Pound/Norwegian Krone (FOREX:GBPNOK)

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_GBPNOK
Open High Low GBPNOK Price Change
11.150345 11.190000 11.049000 11.171500 +0.021155
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long term trend has been UP since Nov 15th, 2017 at 10.87800

intermediate term up The intermediate term trend has been UP since Oct 26th, 2017 at 10.68105

short term down The short term trend has been DOWN since Dec 12th, 2017 at 11.09700

Smart Scan Analysis for GBPNOK

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

+75
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.150345 11.190000 11.049000 11.171500 +0.021155
Prev. Close Volume Bid Ask Time
11.150345 11.165000 11.178000 2017-12-15 18:32:51
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