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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2019.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

Open High Low NOKSEK Price Change
1.098340 1.099665 1.096400 1.098600 +0.000260
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term up The long term trend has been UP since Feb 19th, 2019 at 1.086700

intermediate term up The intermediate term trend has been UP since Jan 16th, 2019 at 1.051425

short term down The short term trend has been DOWN since May 24th, 2019 at 1.097500

Smart Scan Analysis for NOKSEK

Based on a pre-defined weighted trend formula for chart analysis, NOKSEK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.098340 1.099665 1.096400 1.098600 +0.000260
Prev. Close Volume Bid Ask Time
1.098340 1.097600 1.099600 2019-05-24 18:23:02
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