Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.
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 UP since Nov 29th, 2018 at 0.424540
The short term trend has been DOWN since Jan 18th, 2019 at 0.447155
Smart Scan Analysis for MXNNOK
Based on a pre-defined weighted trend formula for chart analysis, MXNNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).