Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Norwegian Krone/Mexican Peso (FOREX:NOKMXN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
MarketClub’s Trade Triangles for NOKMXN
The long term trend has been UP since May 14th, 2018 at 2.435215
The intermediate term trend has been DOWN since Jun 28th, 2018 at 2.433705
The short term trend has been DOWN since Jul 10th, 2018 at 2.366205
Smart Scan Analysis for NOKMXN
Based on a pre-defined weighted trend formula for chart analysis, NOKMXN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).