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.
MarketClub’s Trade Triangles for NOKMXN
The long term trend has been DOWN since Dec 5th, 2017 at 2.2280
The intermediate term trend has been UP since Dec 12th, 2017 at 2.3006
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).