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Forex Trend Analysis Report

Prepared for you on Friday, January 18, 2019.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

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_NOKJPY
Open High Low NOKJPY Price Change
12.81000 12.84500 12.79650 12.84090 +0.03090
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term down The long term trend has been DOWN since Dec 17th, 2018 at 13.1010

intermediate term up The intermediate term trend has been UP since Jan 18th, 2019 at 12.8225

short term up The short term trend has been UP since Jan 16th, 2019 at 12.7580

Smart Scan Analysis for NOKJPY

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

+70
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.81000 12.84500 12.79650 12.84090 +0.03090
Prev. Close Volume Bid Ask Time
12.81 12.83861 12.84319 2019-01-18 12:31:53
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