Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 MXNNOK
The long term trend has been UP since Jul 19th, 2018 at 0.433785
The intermediate term trend has been UP since Feb 10th, 2019 at 0.453065
The short term trend has been DOWN since Mar 22nd, 2019 at 0.447545
Smart Scan Analysis for MXNNOK
Based on a pre-defined weighted trend formula for chart analysis, MXNNOK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).