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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

Sri Lankan Rupee/Norwegian Krone (FOREX:LKRNOK)

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_LKRNOK
Open High Low LKRNOK Price Change
0.04820 0.04845 0.04820 0.04835 +0.00015
Entry Signal

MarketClub’s Trade Triangles for LKRNOK

long term down The long term trend has been DOWN since Sep 17th, 2018 at 0.05015

intermediate term down The intermediate term trend has been DOWN since Sep 11th, 2018 at 0.05145

short term down The short term trend has been DOWN since Sep 11th, 2018 at 0.05155

Smart Scan Analysis for LKRNOK

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

-90
Smart Scan Analysis for LKRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04820 0.04845 0.04820 0.04835 +0.00015
Prev. Close Volume Bid Ask Time
0.04820 0.04830 0.04840 2018-09-21 12:17:16
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