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Forex Trend Analysis Report

Prepared for you on Wednesday, October 24, 2018.

Norwegian Krone/Swiss Franc (FOREX:NOKCHF)

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_NOKCHF
Open High Low NOKCHF Price Change
12.0060 12.0300 11.9990 12.0215 +0.0155
Entry Signal

MarketClub’s Trade Triangles for NOKCHF

long term down The long term trend has been DOWN since Aug 10th, 2018 at 11.9000

intermediate term up The intermediate term trend has been UP since Sep 18th, 2018 at 11.8145

short term down The short term trend has been DOWN since Oct 18th, 2018 at 12.0750

Smart Scan Analysis for NOKCHF

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

-65
Smart Scan Analysis for NOKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.0060 12.0300 11.9990 12.0215 +0.0155
Prev. Close Volume Bid Ask Time
12.0060 12.0180 12.0250 2018-10-24 01:07:56
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