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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Norwegian Krone/US Dollar (FOREX:NOKUSD)

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_NOKUSD
Open High Low NOKUSD Price Change
0.121023 0.121035 0.120603 0.120899 -0.000124
Entry Signal

MarketClub’s Trade Triangles for NOKUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.124340

intermediate term down The intermediate term trend has been DOWN since Oct 8th, 2018 at 0.120704

short term down The short term trend has been DOWN since Oct 23rd, 2018 at 0.120821

Smart Scan Analysis for NOKUSD

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

-90
Smart Scan Analysis for NOKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.121023 0.121035 0.120603 0.120899 -0.000124
Prev. Close Volume Bid Ask Time
0.121023 0.120880 0.120917 2018-10-23 05:10:23
Want to analyze Norwegian Krone/US Dollar NOKUSD or another symbol? Try our Free Forex Trend Analysis Report.