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Forex Trend Analysis Report

Prepared for you on Thursday, May 25, 2017.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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
10.811805 10.824000 10.781470 10.798500 -0.013305
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long term trend has been UP since Apr 2nd, 2017 at 10.79161

intermediate term down The intermediate term trend has been DOWN since May 17th, 2017 at 10.88775

short term down The short term trend has been DOWN since May 22nd, 2017 at 10.86850

Smart Scan Analysis for GBPNOK

Based on a pre-defined weighted trend formula for chart analysis, GBPNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.811805 10.824000 10.781470 10.798500 -0.013305
Prev. Close Volume Bid Ask Time
10.811805 10.796000 10.801000 2017-05-25 06:40:06
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