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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Bull Market Weakness (+75) - NOKMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKMXN as it may be in the beginning stages of a reversal.

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
2.347375 2.352390 2.322570 2.323930 -0.023445
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long-term trend has been UP since Mar 6th, 2020 at 2.158280

intermediate term up The intermediate-term trend has been UP since Mar 30th, 2020 at 2.315665

short term down The short-term trend has been DOWN since Apr 9th, 2020 at 2.330620

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.347375 2.352390 2.322570 2.323930 -0.023445
Prev. Close Volume Bid Ask Time
2.347375 2.323010 2.324850 2020-04-09 07:36:58
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