Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Norwegian Krone/Mexican Peso (FOREX:NOKMXN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 NOKMXN
The long term trend has been UP since Jan 30th, 2018 at 2.427450
The intermediate term trend has been UP since Mar 2nd, 2018 at 2.413410
The short term trend has been DOWN since Mar 20th, 2018 at 2.417265
Smart Scan Analysis for NOKMXN
Based on a pre-defined weighted trend formula for chart analysis, NOKMXN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).