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Forex Trend Analysis Report

Prepared for you on Saturday, October 19, 2019.

Norwegian Krone/Danish Krone (FOREX:NOKDKK)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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_NOKDKK
Open High Low NOKDKK Price Change
0.735620 0.735750 0.730780 0.731565 -0.004055
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term down The long term trend has been DOWN since Aug 2nd, 2019 at 0.75612

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2019 at 0.74670

short term down The short term trend has been DOWN since Oct 1st, 2019 at 0.75043

Smart Scan Analysis for NOKDKK

Based on a pre-defined weighted trend formula for chart analysis, NOKDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.735620 0.735750 0.730780 0.731565 -0.004055
Prev. Close Volume Bid Ask Time
0.735620 0.731430 0.731700 2019-10-17 23:09:27
Want to analyze Norwegian Krone/Danish Krone NOKDKK or another symbol? Try our Free Forex Trend Analysis Report.