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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

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.

FOREX_MXNNOK
Open High Low MXNNOK Price Change
0.437425 0.437515 0.433715 0.434975 -0.002450
Entry Signal

MarketClub’s Trade Triangles for MXNNOK

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 0.463335

intermediate term up The intermediate-term trend has been UP since May 21st, 2020 at 0.435380

short term down The short-term trend has been DOWN since May 28th, 2020 at 0.440285

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).

-55
Smart Scan Analysis for MXNNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.437425 0.437515 0.433715 0.434975 -0.002450
Prev. Close Volume Bid Ask Time
0.437425 0.434870 0.435080 2020-06-02 05:43:47
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