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Forex Trend Analysis Report

Prepared for you on Tuesday, July 17, 2018.

Japanese Yen/Norwegian Krone (FOREX:JPYNOK)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_JPYNOK
Open High Low JPYNOK Price Change
0.072061 0.072113 0.071911 0.071982 -0.000079
Entry Signal

MarketClub’s Trade Triangles for JPYNOK

long term down The long term trend has been DOWN since Jul 10th, 2018 at 0.071986

intermediate term down The intermediate term trend has been DOWN since Jul 9th, 2018 at 0.072539

short term down The short term trend has been DOWN since Jun 29th, 2018 at 0.073700

Smart Scan Analysis for JPYNOK

Based on a pre-defined weighted trend formula for chart analysis, JPYNOK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for JPYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.072061 0.072113 0.071911 0.071982 -0.000079
Prev. Close Volume Bid Ask Time
0.072061 0.071966 0.071997 2018-07-17 09:42:58
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