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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.
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MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been UP since Mar 6th, 2020 at 2.15828
The intermediate-term trend has been UP since Jun 11th, 2020 at 2.38018
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).
| 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 |