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Forex Trend Analysis Report

Prepared for you on Wednesday, August 22, 2018.

Hungarian Forint/Norwegian Krone (FOREX:HUFNOK)

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_HUFNOK
Open High Low HUFNOK Price Change
0.02995 0.03010 0.02995 0.03005 +0.00010
Entry Signal

MarketClub’s Trade Triangles for HUFNOK

long term down The long term trend has been DOWN since Mar 15th, 2018 at 0.03055

intermediate term up The intermediate term trend has been UP since Jul 16th, 2018 at 0.02940

short term up The short term trend has been UP since Aug 16th, 2018 at 0.02960

Smart Scan Analysis for HUFNOK

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

+70
Smart Scan Analysis for HUFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.02995 0.03010 0.02995 0.03005 +0.00010
Prev. Close Volume Bid Ask Time
0.02995 0.03000 0.03010 2018-08-21 14:20:51
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