Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Long-Term Downtrend (-90) - MXNNOK is in a strong downtrend that is likely to continue. While MXNNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for MXNNOK
The long-term trend has been DOWN since Jan 7th, 2021 at 0.421195
The intermediate-term trend has been DOWN since Jan 29th, 2021 at 0.419485
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.409220
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).