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Forex Trend Analysis Report

Prepared for you on Monday, September 24, 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
2.315270 2.330870 2.309425 2.330870 +0.015600
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long term trend has been DOWN since Jul 19th, 2018 at 2.305335

intermediate term up The intermediate term trend has been UP since Sep 4th, 2018 at 2.309305

short term up The short term trend has been UP since Sep 21st, 2018 at 2.317785

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).

+70
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.315270 2.330870 2.309425 2.330870 +0.015600
Prev. Close Volume Bid Ask Time
2.315270 2.329400 2.332340 2018-09-24 19:15:24
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