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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Long-Term Uptrend (+90) - MXNNOK is in a strong uptrend that is likely to continue. While MXNNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Dec 6th, 2024 at 0.548895
The short-term trend has been UP since Dec 16th, 2024 at 0.554970
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.562585 | 0.565350 | 0.562185 | 0.563000 | +0.000415 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.562585 | 2024-12-26 18:13:36 |