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.
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 UP since Apr 23rd, 2018 at 2.384530
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).