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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Long-Term Uptrend (+90) - NOKMXN is in a strong uptrend that is likely to continue. While NOKMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
1.77484 1.77613 1.73413 1.73924 -0.03560
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long-term trend has been UP since Jun 3rd, 2024 at 1.630665

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 1.551320

short term up The short-term trend has been UP since May 22nd, 2024 at 1.561960

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.77484 1.77613 1.73413 1.73924 -0.03560
Prev. Close Volume Bid Ask Time
1.77484 2024-06-13 13:50:58
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