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Forex Trend Analysis Report

Prepared for you on Monday, January 22, 2018.

Hungarian Forint/Norwegian Krone (FOREX:HUFNOK)

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_HUFNOK
Open High Low HUFNOK Price Change
0.03105 0.03115 0.03105 0.03110 +0.00005
Entry Signal

MarketClub’s Trade Triangles for HUFNOK

long term up The long term trend has been UP since Nov 14th, 2017 at 0.03090

intermediate term down The intermediate term trend has been DOWN since Jan 8th, 2018 at 0.03135

short term down The short term trend has been DOWN since Jan 18th, 2018 at 0.03115

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
0.03105 0.03115 0.03105 0.03110 +0.00005
Prev. Close Volume Bid Ask Time
0.03105 0.03110 0.03110 2018-01-22 09:16:03
Want to analyze Hungarian Forint/Norwegian Krone HUFNOK or another symbol? Try our Free Forex Trend Analysis Report.