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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Euro/Norwegian Krone (FOREX:EURNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

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_EURNOK
Open High Low EURNOK Price Change
10.01606 10.01664 10.01150 10.01373 -0.00233
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long term trend has been UP since Feb 3rd, 2020 at 10.25566

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 9.91255

short term down The short term trend has been DOWN since Feb 5th, 2020 at 10.15920

Smart Scan Analysis for EURNOK

Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+55
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.01606 10.01664 10.01150 10.01373 -0.00233
Prev. Close Volume Bid Ask Time
10.01606 10.01173 10.01573 2020-02-17 01:20:34
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