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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Crossroads (-60) - MXNNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNNOK.
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 MXNNOK
The long-term trend has been UP since Aug 28th, 2023 at 0.64055
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.64463
The short-term trend has been DOWN since Apr 16th, 2024 at 0.65158
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.642725 | 0.647160 | 0.642295 | 0.647160 | +0.004435 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.642725 | 2024-04-24 07:15:10 |