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.
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MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been DOWN since Aug 28th, 2023 at 1.561185
The intermediate-term trend has been DOWN since Jan 7th, 2024 at 1.636720
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).
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 |