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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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
12.380900 12.393147 12.371423 12.384855 +0.003955
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term up The long term trend has been UP since Dec 13th, 2019 at 12.151500

intermediate term up The intermediate term trend has been UP since Dec 12th, 2019 at 12.017015

short term up The short term trend has been UP since Jan 13th, 2020 at 12.358644

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
12.380900 12.393147 12.371423 12.384855 +0.003955
Prev. Close Volume Bid Ask Time
12.380900 12.382720 12.386990 2020-01-20 01:28:09
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