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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2019.

Norwegian Krone/Euro (FOREX:NOKEUR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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_NOKEUR
Open High Low NOKEUR Price Change
0.103970 0.104008 0.103924 0.103945 -0.000025
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term up The long term trend has been UP since Mar 21st, 2019 at 0.103795

intermediate term up The intermediate term trend has been UP since Jun 20th, 2019 at 0.102985

short term down The short term trend has been DOWN since Jul 17th, 2019 at 0.103850

Smart Scan Analysis for NOKEUR

Based on a pre-defined weighted trend formula for chart analysis, NOKEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.103970 0.104008 0.103924 0.103945 -0.000025
Prev. Close Volume Bid Ask Time
0.103970 0.103940 0.103950 2019-07-22 03:29:43
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