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Forex Trend Analysis Report

Prepared for you on Friday, January 17, 2020.

Norwegian Krone/Turkish Lira (FOREX:NOKTRY)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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_NOKTRY
Open High Low NOKTRY Price Change
0.659188 0.663211 0.658482 0.661779 +0.002591
Entry Signal

MarketClub’s Trade Triangles for NOKTRY

long term up The long term trend has been UP since Dec 17th, 2019 at 0.651270

intermediate term down The intermediate term trend has been DOWN since Jan 13th, 2020 at 0.658944

short term down The short term trend has been DOWN since Jan 5th, 2020 at 0.674939

Smart Scan Analysis for NOKTRY

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

-60
Smart Scan Analysis for NOKTRY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.659188 0.663211 0.658482 0.661779 +0.002591
Prev. Close Volume Bid Ask Time
0.659188 0.661388 0.662170 2020-01-17 14:33:38
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