Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
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.
MarketClub’s Trade Triangles for MXNNOK
The long term trend has been UP since Jul 19th, 2018 at 0.433785
The intermediate term trend has been DOWN since Oct 19th, 2018 at 0.426590
The short term trend has been DOWN since Oct 18th, 2018 at 0.430650
Smart Scan Analysis for MXNNOK
Based on a pre-defined weighted trend formula for chart analysis, MXNNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).