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Forex Trend Analysis Report

Prepared for you on Tuesday, September 18, 2018.

Norwegian Krone/Danish Krone (FOREX:NOKDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_NOKDKK
Open High Low NOKDKK Price Change
0.781015 0.784100 0.780740 0.783585 +0.002570
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term down The long term trend has been DOWN since Aug 21st, 2018 at 0.766270

intermediate term up The intermediate term trend has been UP since Sep 12th, 2018 at 0.774325

short term up The short term trend has been UP since Sep 10th, 2018 at 0.764635

Smart Scan Analysis for NOKDKK

Based on a pre-defined weighted trend formula for chart analysis, NOKDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.781015 0.784100 0.780740 0.783585 +0.002570
Prev. Close Volume Bid Ask Time
0.781015 0.783420 0.783750 2018-09-18 15:02:43
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