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Forex Trend Analysis Report

Prepared for you on Monday, October 22, 2018.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

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_HKDNOK
Open High Low HKDNOK Price Change
104.9210 105.4740 104.5535 105.2150 +0.2940
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term up The long term trend has been UP since May 1st, 2018 at 102.8345

intermediate term up The intermediate term trend has been UP since Oct 8th, 2018 at 105.7775

short term down The short term trend has been DOWN since Oct 22nd, 2018 at 104.6715

Smart Scan Analysis for HKDNOK

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

+75
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
104.9210 105.4740 104.5535 105.2150 +0.2940
Prev. Close Volume Bid Ask Time
104.9210 105.1960 105.2340 2018-10-22 16:50:21
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