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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.
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MarketClub’s Trade Triangles for MXNNOK
The long-term trend has been DOWN since Oct 1st, 2021 at 0.422960
The intermediate-term trend has been UP since Nov 5th, 2021 at 0.417175
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).
| 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 |