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Forex Trend Analysis Report

Prepared for you on Tuesday, September 17, 2019.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 NOKZAR Price Change
1.63990 1.65720 1.63862 1.64495 +0.00505
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term down The long term trend has been DOWN since Jul 16th, 2019 at 1.621950

intermediate term down The intermediate term trend has been DOWN since Sep 3rd, 2019 at 1.659650

short term up The short term trend has been UP since Sep 16th, 2019 at 1.642755

Smart Scan Analysis for NOKZAR

Based on a pre-defined weighted trend formula for chart analysis, NOKZAR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.63990 1.65720 1.63862 1.64495 +0.00505
Prev. Close Volume Bid Ask Time
1.63990 1.64450 1.64540 2019-09-17 23:06:40
Want to analyze Norwegian Krone/South African Rand NOKZAR or another symbol? Try our Free Forex Trend Analysis Report.