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Forex Trend Analysis Report

Prepared for you on Tuesday, July 17, 2018.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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_NOKCAD
Open High Low NOKCAD Price Change
0.162185 0.162435 0.162055 0.162425 +0.000240
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term down The long term trend has been DOWN since May 29th, 2018 at 0.156715

intermediate term up The intermediate term trend has been UP since Jun 6th, 2018 at 0.160465

short term down The short term trend has been DOWN since Jul 11th, 2018 at 0.162885

Smart Scan Analysis for NOKCAD

Based on a pre-defined weighted trend formula for chart analysis, NOKCAD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.162185 0.162435 0.162055 0.162425 +0.000240
Prev. Close Volume Bid Ask Time
0.162185 0.162390 0.162460 2018-07-17 09:29:47
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