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Forex Trend Analysis Report

Prepared for you on Tuesday, March 26, 2019.

Hungarian Forint/Norwegian Krone (FOREX:HUFNOK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_HUFNOK
Open High Low HUFNOK Price Change
0.03050 0.03055 0.03020 0.03020 -0.00030
Entry Signal

MarketClub’s Trade Triangles for HUFNOK

long term up The long term trend has been UP since Nov 19th, 2018 at 0.03020

intermediate term down The intermediate term trend has been DOWN since Mar 21st, 2019 at 0.03060

short term down The short term trend has been DOWN since Mar 21st, 2019 at 0.03075

Smart Scan Analysis for HUFNOK

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

-70
Smart Scan Analysis for HUFNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.03050 0.03055 0.03020 0.03020 -0.00030
Prev. Close Volume Bid Ask Time
0.03050 0.03020 0.03020 2019-03-26 14:02:49
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