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Forex Trend Analysis Report

Prepared for you on Thursday, March 21, 2019.

Qatari Rial/Norwegian Krone (FOREX:QARNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_QARNOK
Open High Low QARNOK Price Change
2.33210 2.33630 2.31225 2.33100 -0.00110
Entry Signal

MarketClub’s Trade Triangles for QARNOK

long term up The long term trend has been UP since May 1st, 2018 at 2.20625

intermediate term down The intermediate term trend has been DOWN since Mar 18th, 2019 at 2.33875

short term down The short term trend has been DOWN since Mar 12th, 2019 at 2.37830

Smart Scan Analysis for QARNOK

Based on a pre-defined weighted trend formula for chart analysis, QARNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for QARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.33210 2.33630 2.31225 2.33100 -0.00110
Prev. Close Volume Bid Ask Time
2.33210 2.32970 2.33230 2019-03-21 14:30:11
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