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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Long-Term Uptrend (+90) - NOKMXN is in a strong uptrend that is likely to continue. While NOKMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
2.496150 2.497725 2.490910 2.491520 -0.004630
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long-term trend has been UP since Mar 6th, 2020 at 2.15828

intermediate term up The intermediate-term trend has been UP since Jun 11th, 2020 at 2.38018

short term up The short-term trend has been UP since Aug 12th, 2020 at 2.49642

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.496150 2.497725 2.490910 2.491520 -0.004630
Prev. Close Volume Bid Ask Time
2.496150 2.490890 2.492150 2020-08-14 03:56:14
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