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Forex Trend Analysis Report

Prepared for you on Friday, April 20, 2018.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_NOKSEK
Open High Low NOKSEK Price Change
1.078795 1.080625 1.077700 1.079375 +0.000580
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term up The long term trend has been UP since Feb 23rd, 2018 at 1.035425

intermediate term up The intermediate term trend has been UP since Feb 20th, 2018 at 1.027655

short term down The short term trend has been DOWN since Apr 17th, 2018 at 1.081300

Smart Scan Analysis for NOKSEK

Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.078795 1.080625 1.077700 1.079375 +0.000580
Prev. Close Volume Bid Ask Time
1.078795 1.079010 1.079740 2018-04-20 13:57:07
Want to analyze Norwegian Krone/Swedish Krona NOKSEK or another symbol? Try our Free Forex Trend Analysis Report.