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Forex Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

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_DKKNOK
Open High Low DKKNOK Price Change
1.3430947 1.3457002 1.3428827 1.3446650 +0.0015700
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term down The long term trend has been DOWN since Dec 25th, 2019 at 1.3167350

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 1.3264461

short term up The short term trend has been UP since Jan 26th, 2020 at 1.3367074

Smart Scan Analysis for DKKNOK

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

+70
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3430947 1.3457002 1.3428827 1.3446650 +0.0015700
Prev. Close Volume Bid Ask Time
1.3430947 1.3444300 1.3449000 2020-01-29 07:25:59
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