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Forex Trend Analysis Report

Prepared for you on Friday, January 21, 2022.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Bull Market Weakness (+75) - NOKMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKMXN as it may be in the beginning stages 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
2.322440 2.327040 2.317035 2.318225 -0.004215
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 2.364175

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2022 at 2.352865

short term up The short-term trend has been UP since Jan 19th, 2022 at 2.333005

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.322440 2.327040 2.317035 2.318225 -0.004215
Prev. Close Volume Bid Ask Time
2.322440 2022-01-21 04:16:45
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