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Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Countertrend Up (+85) - NOKMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
2.434585 2.447050 2.410785 2.414860 -0.019725
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 Aug 23rd, 2021 at 2.269110

short term down The short-term trend has been DOWN since Oct 15th, 2021 at 2.417185

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.434585 2.447050 2.410785 2.414860 -0.019725
Prev. Close Volume Bid Ask Time
2.434585 2021-10-15 17:01:23
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