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.
MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been UP since Oct 1st, 2021 at 2.364175
The intermediate-term trend has been UP since Aug 23rd, 2021 at 2.269110
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).