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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2019.

Turkish Lira/Norwegian Krone (FOREX:TRYNOK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_TRYNOK
Open High Low TRYNOK Price Change
1.51975 1.52750 1.51635 1.52695 +0.00720
Entry Signal

MarketClub’s Trade Triangles for TRYNOK

long term down The long term trend has been DOWN since Mar 22nd, 2019 at 1.5388

intermediate term up The intermediate term trend has been UP since Jul 1st, 2019 at 1.5054

short term up The short term trend has been UP since Jul 16th, 2019 at 1.5027

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).

+70
Smart Scan Analysis for TRYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.51975 1.52750 1.51635 1.52695 +0.00720
Prev. Close Volume Bid Ask Time
1.51975 1.52620 1.52770 2019-07-23 12:29:53
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