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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

Norwegian Krone/Chinese Yuan Renminbi Offshore (FOREX:NOKCNH)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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_NOKCNH
Open High Low NOKCNH Price Change
0.7895 0.7895 0.7895 0.7895 0.0000
Entry Signal

MarketClub’s Trade Triangles for NOKCNH

long term down The long term trend has been DOWN since Sep 3rd, 2019 at 0.7910

intermediate term down The intermediate term trend has been DOWN since Sep 3rd, 2019 at 0.8283

short term up The short term trend has been UP since Sep 19th, 2019 at 0.7915

Smart Scan Analysis for NOKCNH

Based on a pre-defined weighted trend formula for chart analysis, NOKCNH scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for NOKCNH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7895 0.7895 0.7895 0.7895 0.0000
Prev. Close Volume Bid Ask Time
0.7895 0.7850 0.7940 2019-09-20 15:39:30
Want to analyze Norwegian Krone/Chinese Yuan Renminbi Offshore NOKCNH or another symbol? Try our Free Forex Trend Analysis Report.