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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

Norwegian Krone/Icelandic Krona (FOREX:NOKISK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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_NOKISK
Open High Low NOKISK Price Change
13.961 13.961 13.961 13.961 0.000
Entry Signal

MarketClub’s Trade Triangles for NOKISK

long term up The long term trend has been UP since Jan 2nd, 2020 at 13.659

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 13.856

short term up The short term trend has been UP since Jan 2nd, 2020 at 13.256

Smart Scan Analysis for NOKISK

Based on a pre-defined weighted trend formula for chart analysis, NOKISK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for NOKISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.961 13.961 13.961 13.961 0.000
Prev. Close Volume Bid Ask Time
13.837 13.920 14.002 2020-01-07 07:40:15
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