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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Norwegian Krone/British Pound (FOREX:NOKGBP)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_NOKGBP
Open High Low NOKGBP Price Change
0.08606937 0.08627658 0.08572237 0.08624600 +0.00017700
Entry Signal

MarketClub’s Trade Triangles for NOKGBP

long term down The long term trend has been DOWN since Sep 5th, 2019 at 0.08992300

intermediate term up The intermediate term trend has been UP since Dec 19th, 2019 at 0.08526081

short term down The short term trend has been DOWN since Jan 16th, 2020 at 0.08602698

Smart Scan Analysis for NOKGBP

Based on a pre-defined weighted trend formula for chart analysis, NOKGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for NOKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08606937 0.08627658 0.08572237 0.08624600 +0.00017700
Prev. Close Volume Bid Ask Time
0.08606937 0.08623100 0.08626100 2020-01-17 14:24:38
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