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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_USDNOK
Open High Low USDNOK Price Change
8.988680 8.994040 8.962275 8.980780 -0.007900
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term down The long term trend has been DOWN since Dec 25th, 2019 at 8.89415

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 8.92029

short term up The short term trend has been UP since Jan 17th, 2020 at 8.90698

Smart Scan Analysis for USDNOK

Based on a pre-defined weighted trend formula for chart analysis, USDNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.988680 8.994040 8.962275 8.980780 -0.007900
Prev. Close Volume Bid Ask Time
8.988680 8.980000 8.981560 2020-01-22 09:23:07
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