Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Strong Uptrend (+100) - MXNNOK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNNOK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid
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 UP since Jul 31st, 2019 at 0.46180
The intermediate-term trend has been UP since Jan 17th, 2020 at 0.47446
The short-term trend has been UP since Jan 3rd, 2020 at 0.46716
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).