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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Norwegian Krone/Euro (FOREX:NOKEUR)

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_NOKEUR
Open High Low NOKEUR Price Change
0.100095 0.100215 0.100040 0.100080 -0.000015
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term down The long term trend has been DOWN since Aug 2nd, 2019 at 0.101265

intermediate term down The intermediate term trend has been DOWN since Jul 30th, 2019 at 0.102900

short term down The short term trend has been DOWN since Aug 15th, 2019 at 0.099690

Smart Scan Analysis for NOKEUR

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

-100
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.100095 0.100215 0.100040 0.100080 -0.000015
Prev. Close Volume Bid Ask Time
0.100095 0.100070 0.100090 2019-08-19 04:40:59
Want to analyze Norwegian Krone/Euro NOKEUR or another symbol? Try our Free Forex Trend Analysis Report.