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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Strong Uptrend (+100) - NOKMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NOKMXN 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 NOKMXN?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKMXN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKMXN
Open High Low NOKMXN Price Change
2.49486 2.51768 2.49423 2.51116 +0.01630
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long-term trend has been UP since Jan 7th, 2021 at 2.374190

intermediate term up The intermediate-term trend has been UP since Jan 29th, 2021 at 2.383870

short term up The short-term trend has been UP since Mar 3rd, 2021 at 2.443645

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.49486 2.51768 2.49423 2.51116 +0.01630
Prev. Close Volume Bid Ask Time
2.49486 2021-03-08 08:13:12
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