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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Mexican Peso/Norwegian Krone (FOREX:MXNNOK)

Bull Market Weakness (+75) - MXNNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNNOK as it may be in the beginning stages of a reversal.

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.

FOREX_MXNNOK
Open High Low MXNNOK Price Change
0.483520 0.486905 0.482410 0.486240 +0.002720
Entry Signal

MarketClub’s Trade Triangles for MXNNOK

long term up The long-term trend has been UP since Apr 12th, 2022 at 0.44442

intermediate term up The intermediate-term trend has been UP since Aug 15th, 2022 at 0.48539

short term down The short-term trend has been DOWN since Aug 19th, 2022 at 0.48265

Smart Scan Analysis for MXNNOK

Based on our trend formula, MXNNOK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MXNNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.483520 0.486905 0.482410 0.486240 +0.002720
Prev. Close Volume Bid Ask Time
0.483520 2022-08-19 17:04:40
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