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Forex Trend Analysis Report

Prepared for you on Wednesday, October 17, 2018.

Moroccan Dirham/Norwegian Krone (FOREX:MADNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_MADNOK
Open High Low MADNOK Price Change
0.86275 0.86730 0.86215 0.86640 +0.00365
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 down The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.88025

short term down The short term trend has been DOWN since Oct 10th, 2018 at 0.87030

Smart Scan Analysis for MADNOK

Based on a pre-defined weighted trend formula for chart analysis, MADNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for MADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.86275 0.86730 0.86215 0.86640 +0.00365
Prev. Close Volume Bid Ask Time
0.86275 0.86150 0.87130 2018-10-17 14:37:20
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