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Forex Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Crossroads (-60) - MXNNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MXNNOK
The long-term trend has been UP since Jul 31st, 2019 at 0.461800
The intermediate-term trend has been DOWN since Feb 24th, 2020 at 0.486885
The short-term trend has been DOWN since Feb 20th, 2020 at 0.497725
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.484080 | 0.485255 | 0.474220 | 0.479265 | -0.004815 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.484080 | 0.479140 | 0.479390 | 2020-02-28 07:43:22 |