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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.

FOREX_NOKMXN
Open High Low NOKMXN Price Change
1.735060 1.745830 1.729675 1.740865 +0.005805
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long-term trend has been DOWN since Feb 2nd, 2023 at 1.851670

intermediate term down The intermediate-term trend has been DOWN since Dec 29th, 2022 at 1.958480

short term down 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).

-90
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways 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
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