Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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.

FOREX_NOKMXN
Open High Low NOKMXN Price Change
2.186800 2.198500 2.185825 2.196745 +0.009945
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long term trend has been UP since Jun 3rd, 2019 at 2.260910

intermediate term up The intermediate term trend has been UP since May 30th, 2019 at 2.206435

short term down The short term trend has been DOWN since Jun 9th, 2019 at 2.231610

Smart Scan Analysis for NOKMXN

Based on a pre-defined weighted trend formula for chart analysis, NOKMXN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.186800 2.198500 2.185825 2.196745 +0.009945
Prev. Close Volume Bid Ask Time
2.186800 2.196000 2.197490 2019-06-19 13:07:17
Want to analyze Norwegian Krone/Mexican Peso NOKMXN or another symbol? Try our Free Forex Trend Analysis Report.