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Forex Trend Analysis Report

Prepared for you on Saturday, January 25, 2020.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
2.084370 2.089390 2.073480 2.076575 -0.007795
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long term trend has been DOWN since Jul 31st, 2019 at 2.165385

intermediate term down The intermediate term trend has been DOWN since Jan 17th, 2020 at 2.107640

short term down The short term trend has been DOWN since Jan 3rd, 2020 at 2.140585

Smart Scan Analysis for NOKMXN

Based on a pre-defined weighted trend formula for chart analysis, NOKMXN scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.084370 2.089390 2.073480 2.076575 -0.007795
Prev. Close Volume Bid Ask Time
2.084370 2.074050 2.079100 2020-01-24 17:07:11
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