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Forex Trend Analysis Report

Prepared for you on Friday, October 20, 2017.

Norwegian Krone/Euro (FOREX:NOKEUR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_NOKEUR
Open High Low NOKEUR Price Change
0.106410 0.106440 0.106055 0.106240 -0.000170
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term up The long term trend has been UP since Aug 24th, 2017 at 0.108080

intermediate term down The intermediate term trend has been DOWN since Sep 11th, 2017 at 0.107088

short term down The short term trend has been DOWN since Oct 18th, 2017 at 0.106904

Smart Scan Analysis for NOKEUR

Based on a pre-defined weighted trend formula for chart analysis, NOKEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.106410 0.106440 0.106055 0.106240 -0.000170
Prev. Close Volume Bid Ask Time
0.106410 0.106230 0.106250 2017-10-20 10:30:45
Want to analyze Norwegian Krone/Euro NOKEUR or another symbol? Try our Free Forex Trend Analysis Report.