Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Strong Downtrend (-100) - MXNNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for MXNNOK
The long-term trend has been DOWN since Oct 1st, 2021 at 0.422960
The intermediate-term trend has been DOWN since Aug 23rd, 2021 at 0.440725
The short-term trend has been DOWN since Oct 20th, 2021 at 0.410120
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).