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Forex Trend Analysis Report

Prepared for you on Thursday, March 21, 2019.

Moroccan Dirham/Norwegian Krone (FOREX:MADNOK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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_MADNOK
Open High Low MADNOK Price Change
0.88785 0.88885 0.87955 0.88270 -0.00515
Entry Signal

MarketClub’s Trade Triangles for MADNOK

long term down The long term trend has been DOWN since Mar 21st, 2019 at 0.88375

intermediate term down The intermediate term trend has been DOWN since Mar 13th, 2019 at 0.89270

short term down The short term trend has been DOWN since Mar 11th, 2019 at 0.90240

Smart Scan Analysis for MADNOK

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

-100
Smart Scan Analysis for MADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.88785 0.88885 0.87955 0.88270 -0.00515
Prev. Close Volume Bid Ask Time
0.88785 0.87780 0.88760 2019-03-21 09:34:15
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