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Forex Trend Analysis Report

Prepared for you on Tuesday, November 21, 2017.

Swedish Krona/Norwegian Krone (FOREX:SEKNOK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_SEKNOK
Open High Low SEKNOK Price Change
0.977000 0.978800 0.971440 0.974015 -0.002985
Entry Signal

MarketClub’s Trade Triangles for SEKNOK

long term up The long term trend has been UP since Jan 12th, 2017 at 0.952020

intermediate term up The intermediate term trend has been UP since Nov 15th, 2017 at 0.980115

short term down The short term trend has been DOWN since Nov 21st, 2017 at 0.973555

Smart Scan Analysis for SEKNOK

Based on a pre-defined weighted trend formula for chart analysis, SEKNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for SEKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.977000 0.978800 0.971440 0.974015 -0.002985
Prev. Close Volume Bid Ask Time
0.977000 0.973700 0.974330 2017-11-21 10:16:32
Want to analyze Swedish Krona/Norwegian Krone SEKNOK or another symbol? Try our Free Forex Trend Analysis Report.