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Forex Trend Analysis Report

Prepared for you on Sunday, August 14, 2022.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Bear Market Rally (-75) - NOKMXN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKMXN as it may be in the beginning 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.

FOREX_NOKMXN
Open High Low NOKMXN Price Change
2.095275 2.098115 2.070450 2.071750 -0.023525
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long-term trend has been DOWN since Apr 12th, 2022 at 2.24999

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 2.06683

short term down The short-term trend has been DOWN since Aug 12th, 2022 at 2.07746

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).

-75
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.095275 2.098115 2.070450 2.071750 -0.023525
Prev. Close Volume Bid Ask Time
2.095275 2022-08-12 17:08:45
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