Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Norwegian Krone/Mexican Peso (FOREX:NOKMXN)
Bull Market Weakness (+75) - NOKMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKMXN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NOKMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been UP since Oct 1st, 2021 at 2.364175
The intermediate-term trend has been UP since Aug 23rd, 2021 at 2.269110
The short-term trend has been DOWN since Oct 20th, 2021 at 2.410270
Smart Scan Analysis for NOKMXN
Based on our trend formula, NOKMXN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).