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Forex Trend Analysis Report

Prepared for you on Saturday, August 18, 2018.

Saudi Arabian Riyal/Icelandic Krona (FOREX:SARISK)

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_SARISK
Open High Low SARISK Price Change
28.8485 28.8610 28.6685 28.6930 -0.1555
Entry Signal

MarketClub’s Trade Triangles for SARISK

long term up The long term trend has been UP since May 4th, 2018 at 27.3373

intermediate term up The intermediate term trend has been UP since Aug 9th, 2018 at 28.6520

short term down The short term trend has been DOWN since Aug 16th, 2018 at 28.9340

Smart Scan Analysis for SARISK

Based on a pre-defined weighted trend formula for chart analysis, SARISK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for SARISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.8485 28.8610 28.6685 28.6930 -0.1555
Prev. Close Volume Bid Ask Time
28.8485 28.6120 28.7740 2018-08-17 14:21:32
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