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Forex Trend Analysis Report

Prepared for you on Sunday, June 24, 2018.

Saudi Arabian Riyal/Norwegian Krone (FOREX:SARNOK)

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_SARNOK
Open High Low SARNOK Price Change
2.15630 2.16560 2.15185 2.16055 +0.00425
Entry Signal

MarketClub’s Trade Triangles for SARNOK

long term up The long term trend has been UP since May 1st, 2018 at 2.14440

intermediate term down The intermediate term trend has been DOWN since Jun 11th, 2018 at 2.12990

short term down The short term trend has been DOWN since Jun 22nd, 2018 at 2.16495

Smart Scan Analysis for SARNOK

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

-70
Smart Scan Analysis for SARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.15630 2.16560 2.15185 2.16055 +0.00425
Prev. Close Volume Bid Ask Time
2.15630 2.15970 2.16140 2018-06-22 14:04:38
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