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Forex Trend Analysis Report

Prepared for you on Friday, March 23, 2018.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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.

Open High Low NOKMXN Price Change
2.41449 2.41592 2.38626 2.38785 -0.02664
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long term trend has been UP since Jan 30th, 2018 at 2.427450

intermediate term up The intermediate term trend has been UP since Mar 2nd, 2018 at 2.413410

short term down The short term trend has been DOWN since Mar 20th, 2018 at 2.417265

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).

Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.41449 2.41592 2.38626 2.38785 -0.02664
Prev. Close Volume Bid Ask Time
2.41449 2.38623 2.38947 2018-03-23 18:40:47
Want to analyze Norwegian Krone/Mexican Peso NOKMXN or another symbol? Try our Free Forex Trend Analysis Report.