Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
Norwegian Krone/Mexican Peso (FOREX:NOKMXN)
Strong Uptrend (+100) - NOKMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NOKMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been UP since Jan 7th, 2021 at 2.374190
The intermediate-term trend has been UP since Jan 29th, 2021 at 2.383870
The short-term trend has been UP since Mar 3rd, 2021 at 2.443645
Smart Scan Analysis for NOKMXN
Based on our trend formula, NOKMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).