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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 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
0.638065 0.638765 0.631385 0.633995 -0.004070
Entry Signal

MarketClub’s Trade Triangles for MXNNOK

long term up The long-term trend has been UP since Aug 28th, 2023 at 0.640550

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.644630

short term down The short-term trend has been DOWN since May 21st, 2024 at 0.640465

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
0.638065 0.638765 0.631385 0.633995 -0.004070
Prev. Close Volume Bid Ask Time
0.638065 2024-05-24 16:59:55
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