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Forex Trend Analysis Report

Prepared for you on Friday, November 16, 2018.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

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_NOKCAD
Open High Low NOKCAD Price Change
0.155310 0.155925 0.155100 0.155790 +0.000480
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 down The intermediate term trend has been DOWN since Oct 25th, 2018 at 0.156020

short term down The short term trend has been DOWN since Nov 9th, 2018 at 0.156590

Smart Scan Analysis for NOKCAD

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

-90
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.155310 0.155925 0.155100 0.155790 +0.000480
Prev. Close Volume Bid Ask Time
0.155310 0.155760 0.155820 2018-11-16 12:41:21
Want to analyze Norwegian Krone/Canadian Dollar NOKCAD or another symbol? Try our Free Forex Trend Analysis Report.