Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Bull Market Weakness (+75) - MXNNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNNOK as it may be in the beginning stages of a reversal.
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 Apr 12th, 2022 at 0.44442
The intermediate-term trend has been UP since Aug 15th, 2022 at 0.48539
The short-term trend has been DOWN since Aug 19th, 2022 at 0.48265
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.483520 | 0.486905 | 0.482410 | 0.486240 | +0.002720 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.483520 | 2022-08-19 17:04:40 |