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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Norwegian Krone/British Pound (FOREX:NOKGBP)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_NOKGBP
Open High Low NOKGBP Price Change
0.093332 0.093341 0.092632 0.092849 -0.000483
Entry Signal

MarketClub’s Trade Triangles for NOKGBP

long term down The long term trend has been DOWN since Sep 7th, 2018 at 0.091435

intermediate term down The intermediate term trend has been DOWN since Oct 9th, 2018 at 0.092106

short term down The short term trend has been DOWN since Oct 23rd, 2018 at 0.092694

Smart Scan Analysis for NOKGBP

Based on a pre-defined weighted trend formula for chart analysis, NOKGBP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NOKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.093332 0.093341 0.092632 0.092849 -0.000483
Prev. Close Volume Bid Ask Time
0.093332 0.092839 0.092858 2018-10-23 16:02:20
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