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Forex Trend Analysis Report

Prepared for you on Saturday, August 17, 2019.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

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_NOKJPY
Open High Low NOKJPY Price Change
11.77080 11.84300 11.73700 11.80375 +0.03295
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term down The long term trend has been DOWN since May 7th, 2019 at 12.5960

intermediate term down The intermediate term trend has been DOWN since Jul 22nd, 2019 at 12.5195

short term down The short term trend has been DOWN since Aug 15th, 2019 at 11.7375

Smart Scan Analysis for NOKJPY

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

-100
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.77080 11.84300 11.73700 11.80375 +0.03295
Prev. Close Volume Bid Ask Time
11.77080 11.79650 11.81100 2019-08-16 18:19:00
Want to analyze Norwegian Krone/Japanese Yen NOKJPY or another symbol? Try our Free Forex Trend Analysis Report.