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Forex Trend Analysis Report

Prepared for you on Saturday, February 23, 2019.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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
2.236115 2.238430 2.220400 2.224050 -0.012065
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long term trend has been DOWN since Jul 19th, 2018 at 2.305335

intermediate term down The intermediate term trend has been DOWN since Feb 10th, 2019 at 2.207195

short term down The short term trend has been DOWN since Feb 22nd, 2019 at 2.223535

Smart Scan Analysis for NOKMXN

Based on a pre-defined weighted trend formula for chart analysis, NOKMXN scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.236115 2.238430 2.220400 2.224050 -0.012065
Prev. Close Volume Bid Ask Time
2.236115 2.221240 2.226860 2019-02-22 18:16:55
Want to analyze Norwegian Krone/Mexican Peso NOKMXN or another symbol? Try our Free Forex Trend Analysis Report.