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Forex Trend Analysis Report

Prepared for you on Wednesday, April 25, 2018.

Japanese Yen/Norwegian Krone (FOREX:JPYNOK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_JPYNOK
Open High Low JPYNOK Price Change
0.072651 0.073058 0.072547 0.072842 +0.000191
Entry Signal

MarketClub’s Trade Triangles for JPYNOK

long term down The long term trend has been DOWN since Feb 1st, 2018 at 0.070311

intermediate term down The intermediate term trend has been DOWN since Apr 12th, 2018 at 0.072273

short term up The short term trend has been UP since Apr 25th, 2018 at 0.072851

Smart Scan Analysis for JPYNOK

Based on a pre-defined weighted trend formula for chart analysis, JPYNOK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for JPYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.072651 0.073058 0.072547 0.072842 +0.000191
Prev. Close Volume Bid Ask Time
0.072651 0.072820 0.072864 2018-04-25 21:56:32
Want to analyze Japanese Yen/Norwegian Krone JPYNOK or another symbol? Try our Free Forex Trend Analysis Report.