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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
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.
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MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been DOWN since Dec 19th, 2024 at 1.785185
The intermediate-term trend has been DOWN since Dec 6th, 2024 at 1.821845
The short-term trend has been DOWN since Dec 16th, 2024 at 1.801935
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 |
|---|---|---|---|---|
| 1.777455 | 1.778775 | 1.768815 | 1.774845 | -0.002610 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.777455 | 2024-12-26 11:31:42 |