Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Weak Uptrend (+65) - MXNNOK is showing signs of weakening momentum to the upside. Monitor 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.
MarketClub’s Trade Triangles for MXNNOK
The long-term trend has been UP since Aug 28th, 2023 at 0.640550
The intermediate-term trend has been UP since Oct 26th, 2023 at 0.617685
The short-term trend has been DOWN since Nov 27th, 2023 at 0.622700
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).