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Forex Trend Analysis Report

Prepared for you on Monday, December 18, 2017.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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.

FOREX_NOKMXN
Open High Low NOKMXN Price Change
2.276340 2.277845 2.273895 2.275935 -0.000405
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long term trend has been DOWN since Dec 5th, 2017 at 2.2280

intermediate term up The intermediate term trend has been UP since Dec 12th, 2017 at 2.3006

short term down The short term trend has been DOWN since Dec 15th, 2017 at 2.2762

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).

-55
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.276340 2.277845 2.273895 2.275935 -0.000405
Prev. Close Volume Bid Ask Time
2.276340 2.275150 2.276720 2017-12-18 03:56:27
Want to analyze Norwegian Krone/Mexican Peso NOKMXN or another symbol? Try our Free Forex Trend Analysis Report.