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Forex Trend Analysis Report

Prepared for you on Wednesday, January 18, 2017.

Icelandic Krona/Norwegian Krone (FOREX:ISKNOK)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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_ISKNOK
Open High Low ISKNOK Price Change
0.07510 0.07525 0.07495 0.07520 +0.00010
Entry Signal

MarketClub’s Trade Triangles for ISKNOK

long term down The long term trend has been DOWN since Jan 11th, 2017 at 0.07420

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2017 at 0.07485

short term up The short term trend has been UP since Jan 16th, 2017 at 0.07470

Smart Scan Analysis for ISKNOK

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

-75
Smart Scan Analysis for ISKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07510 0.07525 0.07495 0.07520 +0.00010
Prev. Close Volume Bid Ask Time
0.07510 0.07510 0.07530 2017-01-18 13:43:48
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