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Forex Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

Mexican Peso/Norwegian Krone (FOREX:MXNNOK)

Bear Market Rally (-75) - MXNNOK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNNOK as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid MXNNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNNOK
Open High Low MXNNOK Price Change
0.411175 0.417655 0.410185 0.413910 +0.002735
Entry Signal

MarketClub’s Trade Triangles for MXNNOK

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.422960

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2021 at 0.417175

short term down The short-term trend has been DOWN since Nov 23rd, 2021 at 0.423850

Smart Scan Analysis for MXNNOK

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

-75
Smart Scan Analysis for MXNNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.411175 0.417655 0.410185 0.413910 +0.002735
Prev. Close Volume Bid Ask Time
0.411175 2021-11-26 16:59:50
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