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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Bear Market Rally (-75) - NOKMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKMXN as it may be in the beginning of a reversal.

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
1.533650 1.537975 1.527680 1.532575 -0.001075
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long-term trend has been DOWN since Aug 28th, 2023 at 1.561185

intermediate term down The intermediate-term trend has been DOWN since Jan 7th, 2024 at 1.636720

short term up The short-term trend has been UP since Mar 21st, 2024 at 1.585730

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.533650 1.537975 1.527680 1.532575 -0.001075
Prev. Close Volume Bid Ask Time
1.533650 2024-03-28 18:06:01
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