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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

Norwegian Krone/Danish Krone (FOREX:NOKDKK)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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_NOKDKK
Open High Low NOKDKK Price Change
0.785625 0.786975 0.785485 0.786365 +0.000740
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term up The long term trend has been UP since Mar 15th, 2018 at 0.781230

intermediate term up The intermediate term trend has been UP since Jul 10th, 2018 at 0.793405

short term down The short term trend has been DOWN since Jul 11th, 2018 at 0.788850

Smart Scan Analysis for NOKDKK

Based on a pre-defined weighted trend formula for chart analysis, NOKDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.785625 0.786975 0.785485 0.786365 +0.000740
Prev. Close Volume Bid Ask Time
0.785625 0.786200 0.786530 2018-07-16 06:40:55
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