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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Sidelines Mode (+55) - MXNNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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 Dec 19th, 2024 at 0.560170
The intermediate-term trend has been UP since Feb 3rd, 2025 at 0.556570
The short-term trend has been DOWN since Feb 19th, 2025 at 0.544115
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.546400 | 0.547615 | 0.544795 | 0.545650 | -0.000750 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.546400 | 2025-02-21 17:03:11 |