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Forex Trend Analysis Report

Prepared for you on Wednesday, May 23, 2018.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

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_NOKMXN
Open High Low NOKMXN Price Change
2.455750 2.459185 2.446145 2.451820 -0.003930
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long term trend has been UP since May 14th, 2018 at 2.435215

intermediate term up The intermediate term trend has been UP since Apr 23rd, 2018 at 2.384530

short term down The short term trend has been DOWN since May 23rd, 2018 at 2.449515

Smart Scan Analysis for NOKMXN

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

+75
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.455750 2.459185 2.446145 2.451820 -0.003930
Prev. Close Volume Bid Ask Time
2.455750 2.450980 2.452660 2018-05-23 06:44:53
Want to analyze Norwegian Krone/Mexican Peso NOKMXN or another symbol? Try our Free Forex Trend Analysis Report.