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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Sidelines Mode (+55) - NOKMXN 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 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
2.274845 2.278880 2.253735 2.270890 -0.003955
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long-term trend has been DOWN since Oct 15th, 2020 at 2.285965

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2020 at 2.276875

short term down The short-term trend has been DOWN since Dec 3rd, 2020 at 2.260790

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.274845 2.278880 2.253735 2.270890 -0.003955
Prev. Close Volume Bid Ask Time
2.274845 2020-12-03 12:14:47
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