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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for MXNNOK
The long-term trend has been DOWN since Jun 3rd, 2024 at 0.613245
The intermediate-term trend has been DOWN since Oct 30th, 2024 at 0.543175
The short-term trend has been UP since Nov 14th, 2024 at 0.546995
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.546075 | 0.547045 | 0.545635 | 0.546870 | +0.000795 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.546075 | 2024-11-20 03:34:49 |