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Forex Trend Analysis Report

Prepared for you on Monday, July 16, 2018.

Norwegian Krone/Euro (FOREX:NOKEUR)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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_NOKEUR
Open High Low NOKEUR Price Change
0.105400 0.105575 0.105385 0.105480 +0.000080
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term up The long term trend has been UP since Mar 15th, 2018 at 0.104975

intermediate term up The intermediate term trend has been UP since Jul 10th, 2018 at 0.106455

short term down The short term trend has been DOWN since Jul 11th, 2018 at 0.105850

Smart Scan Analysis for NOKEUR

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

+65
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.105400 0.105575 0.105385 0.105480 +0.000080
Prev. Close Volume Bid Ask Time
0.105400 0.105460 0.105500 2018-07-16 04:41:04
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