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Forex Trend Analysis Report

Prepared for you on Saturday, April 21, 2018.

Icelandic Krona/Norwegian Krone (FOREX:ISKNOK)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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_ISKNOK
Open High Low ISKNOK Price Change
0.07800 0.07815 0.07790 0.07805 +0.00005
Entry Signal

MarketClub’s Trade Triangles for ISKNOK

long term up The long term trend has been UP since Nov 9th, 2017 at 0.07805

intermediate term up The intermediate term trend has been UP since Mar 28th, 2018 at 0.07885

short term down The short term trend has been DOWN since Apr 11th, 2018 at 0.07895

Smart Scan Analysis for ISKNOK

Based on a pre-defined weighted trend formula for chart analysis, ISKNOK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for ISKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07800 0.07815 0.07790 0.07805 +0.00005
Prev. Close Volume Bid Ask Time
0.07800 0.07780 0.07830 2018-04-20 13:52:07
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