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Forex Trend Analysis Report

Prepared for you on Tuesday, January 16, 2018.

Omani Rial/Norwegian Krone (FOREX:OMRNOK)

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_OMRNOK
Open High Low OMRNOK Price Change
20.46695 20.51730 20.44120 20.45440 -0.01255
Entry Signal

MarketClub’s Trade Triangles for OMRNOK

long term up The long term trend has been UP since Nov 14th, 2017 at 21.36390

intermediate term down The intermediate term trend has been DOWN since Dec 29th, 2017 at 21.33525

short term down The short term trend has been DOWN since Jan 10th, 2018 at 20.88325

Smart Scan Analysis for OMRNOK

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

-70
Smart Scan Analysis for OMRNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
20.46695 20.51730 20.44120 20.45440 -0.01255
Prev. Close Volume Bid Ask Time
20.46695 20.40280 20.50600 2018-01-16 12:27:34
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