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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

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.

FOREX_MXNNOK
Open High Low MXNNOK Price Change
0.574525 0.577785 0.574240 0.576030 +0.001505
Entry Signal

MarketClub’s Trade Triangles for MXNNOK

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 0.613245

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.644630

short term down The short-term trend has been DOWN since Jun 19th, 2024 at 0.572710

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).

-90
Smart Scan Analysis for MXNNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.574525 0.577785 0.574240 0.576030 +0.001505
Prev. Close Volume Bid Ask Time
0.574525 2024-06-21 04:58:33
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