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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
Norwegian Krone/Mexican Peso (FOREX:NOKMXN)
Crossroads (+60) - NOKMXN 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 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.
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MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been DOWN since Aug 28th, 2023 at 1.561185
The intermediate-term trend has been UP since Apr 16th, 2024 at 1.551320
The short-term trend has been UP since Apr 16th, 2024 at 1.534815
Smart Scan Analysis for NOKMXN
Based on our trend formula, NOKMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.575640 | 1.580440 | 1.550695 | 1.551805 | -0.023835 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.575640 | 2024-04-19 17:02:33 |