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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Norwegian Krone/Mexican Peso (FOREX:NOKMXN)
Weak Downtrend (-65) - NOKMXN is showing signs of a strengthening downtrend. Monitor NOKMXN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid NOKMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been DOWN since Aug 28th, 2023 at 1.561185
The intermediate-term trend has been UP since Apr 16th, 2024 at 1.551320
The short-term trend has been DOWN since May 8th, 2024 at 1.545795
Smart Scan Analysis for NOKMXN
Based on our trend formula, NOKMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-65
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.552320 | 1.557035 | 1.549060 | 1.552740 | +0.000420 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.552320 | 2024-05-09 14:27:20 |
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