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Forex Trend Analysis Report

Prepared for you on Tuesday, January 28, 2020.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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_NZDNOK
Open High Low NZDNOK Price Change
5.9841 5.9940 5.9563 5.9588 -0.0253
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term up The long term trend has been UP since Aug 5th, 2019 at 5.8389

intermediate term up The intermediate term trend has been UP since Jan 23rd, 2020 at 5.9422

short term up The short term trend has been UP since Jan 21st, 2020 at 5.9137

Smart Scan Analysis for NZDNOK

Based on a pre-defined weighted trend formula for chart analysis, NZDNOK scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+90
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.9841 5.9940 5.9563 5.9588 -0.0253
Prev. Close Volume Bid Ask Time
5.9841 5.9541 5.9635 2020-01-28 14:12:24
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