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Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

/Icelandic Krona (FOREX:XDRISK)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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_XDRISK
Open High Low XDRISK Price Change
170.96 170.96 170.96 170.96 0.00
Entry Signal

MarketClub’s Trade Triangles for XDRISK

long term down The long term trend has been DOWN since Aug 7th, 2019 at 169.00

intermediate term up The intermediate term trend has been UP since Jan 7th, 2020 at 168.80

short term up The short term trend has been UP since Jan 2nd, 2020 at 167.33

Smart Scan Analysis for XDRISK

Based on a pre-defined weighted trend formula for chart analysis, XDRISK scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for XDRISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
170.96 170.96 170.96 170.96 0.00
Prev. Close Volume Bid Ask Time
170.96 170.45 171.47 2020-01-21 07:42:30
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