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Forex Trend Analysis Report

Prepared for you on Wednesday, December 11, 2024.

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.

FOREX_MXNNOK
Open High Low MXNNOK Price Change
0.553285 0.555270 0.550910 0.551555 -0.001730
Entry Signal

MarketClub’s Trade Triangles for MXNNOK

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 0.613245

intermediate term up The intermediate-term trend has been UP since Dec 6th, 2024 at 0.548895

short term up The short-term trend has been UP since Dec 4th, 2024 at 0.545950

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).

+60
Smart Scan Analysis for MXNNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.553285 0.555270 0.550910 0.551555 -0.001730
Prev. Close Volume Bid Ask Time
0.553285 2024-12-11 08:12:07
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