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Forex Trend Analysis Report
Prepared for you on Sunday, November 24, 2024.
Mexican Peso/Norwegian Krone (FOREX:MXNNOK)
Long-Term Downtrend (-90) - MXNNOK is in a strong downtrend that is likely to continue. While MXNNOK 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 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 Jun 3rd, 2024 at 0.613245
The intermediate-term trend has been DOWN since Oct 30th, 2024 at 0.543175
The short-term trend has been DOWN since Nov 21st, 2024 at 0.541050
Smart Scan Analysis for MXNNOK
Based on our trend formula, MXNNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.541750 | 0.545960 | 0.540145 | 0.541675 | -0.000075 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.541750 | 2024-11-22 17:06:19 |