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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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_NOKZAR
Open High Low NOKZAR Price Change
1.70220 1.70225 1.68155 1.68890 -0.01330
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term up The long term trend has been UP since Apr 25th, 2018 at 1.56935

intermediate term down The intermediate term trend has been DOWN since Sep 26th, 2018 at 1.74375

short term down The short term trend has been DOWN since Nov 14th, 2018 at 1.68620

Smart Scan Analysis for NOKZAR

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

-70
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.70220 1.70225 1.68155 1.68890 -0.01330
Prev. Close Volume Bid Ask Time
1.70220 1.68850 1.68930 2018-11-14 19:52:32
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