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Forex Trend Analysis Report

Prepared for you on Wednesday, September 19, 2018.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_USDNOK
Open High Low USDNOK Price Change
8.15955 8.16324 8.13060 8.15845 -0.00110
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long term trend has been UP since May 1st, 2018 at 8.04208

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2018 at 8.29458

short term down The short term trend has been DOWN since Sep 10th, 2018 at 8.38383

Smart Scan Analysis for USDNOK

Based on a pre-defined weighted trend formula for chart analysis, USDNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.15955 8.16324 8.13060 8.15845 -0.00110
Prev. Close Volume Bid Ask Time
8.15955 8.15620 8.16070 2018-09-19 08:44:16
Want to analyze US Dollar/Norwegian Krone USDNOK or another symbol? Try our Free Forex Trend Analysis Report.