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.
MarketClub’s Trade Triangles for NOKMXN
The long term trend has been UP since Jun 3rd, 2019 at 2.260910
The intermediate term trend has been UP since May 30th, 2019 at 2.206435
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).