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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Hong Kong Dollar/Norwegian Krone (FOREX:HKDNOK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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_HKDNOK
Open High Low HKDNOK Price Change
115.037 115.395 114.976 115.028 -0.009
Entry Signal

MarketClub’s Trade Triangles for HKDNOK

long term down The long term trend has been DOWN since Dec 27th, 2019 at 113.6105

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 114.8000

short term up The short term trend has been UP since Jan 8th, 2020 at 114.1150

Smart Scan Analysis for HKDNOK

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

+60
Smart Scan Analysis for HKDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
115.037 115.395 114.976 115.028 -0.009
Prev. Close Volume Bid Ask Time
115.037 115.008 115.048 2020-01-21 08:49:24
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