Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
Norwegian Krone/Mexican Peso (FOREX:NOKMXN)
Long-Term Downtrend (-90) - NOKMXN is in a strong downtrend that is likely to continue. While NOKMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Feb 2nd, 2023 at 1.851670
The intermediate-term trend has been DOWN since Dec 29th, 2022 at 1.958480
The short-term trend has been DOWN since Mar 24th, 2023 at 1.758935
Smart Scan Analysis for NOKMXN
Based on our trend formula, NOKMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.735060 | 1.745830 | 1.729675 | 1.740865 | +0.005805 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.735060 | 2023-03-30 17:31:11 |