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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2019.

Turkish Lira/Norwegian Krone (FOREX:TRYNOK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 TRYNOK Price Change
1.58855 1.58925 1.57710 1.57775 -0.01080
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term up The long term trend has been UP since Jul 31st, 2019 at 1.5792

intermediate term down The intermediate term trend has been DOWN since Nov 18th, 2019 at 1.5789

short term down The short term trend has been DOWN since Dec 3rd, 2019 at 1.5894

Smart Scan Analysis for TRYNOK

Based on a pre-defined weighted trend formula for chart analysis, TRYNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.58855 1.58925 1.57710 1.57775 -0.01080
Prev. Close Volume Bid Ask Time
1.58855 1.57690 1.57860 2019-12-06 13:52:48
Want to analyze Turkish Lira/Norwegian Krone TRYNOK or another symbol? Try our Free Forex Trend Analysis Report.