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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2019.

US Dollar/Norwegian Krone (FOREX:USDNOK)

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_USDNOK
Open High Low USDNOK Price Change
8.538135 8.563690 8.535895 8.563645 +0.025510
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long term trend has been UP since May 1st, 2018 at 8.04208

intermediate term down The intermediate term trend has been DOWN since May 27th, 2019 at 8.68266

short term up The short term trend has been UP since Jul 16th, 2019 at 8.55892

Smart Scan Analysis for USDNOK

Based on a pre-defined weighted trend formula for chart analysis, USDNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.538135 8.563690 8.535895 8.563645 +0.025510
Prev. Close Volume Bid Ask Time
8.538135 8.562370 8.564920 2019-07-16 14:18:25
Want to analyze US Dollar/Norwegian Krone USDNOK or another symbol? Try our Free Forex Trend Analysis Report.