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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

Moroccan Dirham/Norwegian Krone (FOREX:MADNOK)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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_MADNOK
Open High Low MADNOK Price Change
0.88820 0.88970 0.88515 0.88700 -0.00120
Entry Signal

MarketClub’s Trade Triangles for MADNOK

long term up The long term trend has been UP since May 29th, 2018 at 0.87015

intermediate term up The intermediate term trend has been UP since Jul 18th, 2018 at 0.86155

short term up The short term trend has been UP since Aug 2nd, 2018 at 0.86490

Smart Scan Analysis for MADNOK

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

+90
Smart Scan Analysis for MADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.88820 0.88970 0.88515 0.88700 -0.00120
Prev. Close Volume Bid Ask Time
0.88820 0.88200 0.89200 2018-08-21 14:29:35
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