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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Euro/Norwegian Krone (FOREX:EURNOK)

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_EURNOK
Open High Low EURNOK Price Change
10.096600 10.131350 10.095905 10.118995 +0.022395
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long term trend has been UP since Aug 2nd, 2019 at 9.874800

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2019 at 10.165585

short term down The short term trend has been DOWN since Dec 6th, 2019 at 10.133295

Smart Scan Analysis for EURNOK

Based on a pre-defined weighted trend formula for chart analysis, EURNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.096600 10.131350 10.095905 10.118995 +0.022395
Prev. Close Volume Bid Ask Time
10.096600 10.117290 10.120700 2019-12-09 13:10:03
Want to analyze Euro/Norwegian Krone EURNOK or another symbol? Try our Free Forex Trend Analysis Report.