Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Sidelines Mode (-55) - NOKMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_NOKMXN
Open High Low NOKMXN Price Change
2.025395 2.048595 2.023690 2.038045 +0.012650
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term down The long-term trend has been DOWN since Jul 31st, 2019 at 2.165385

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2020 at 2.107640

short term up The short-term trend has been UP since Feb 20th, 2020 at 2.009120

Smart Scan Analysis for NOKMXN

Based on our trend formula, NOKMXN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.025395 2.048595 2.023690 2.038045 +0.012650
Prev. Close Volume Bid Ask Time
2.025395 2.036130 2.039960 2020-02-21 16:59:15
Get a free daily analysis and signals for Norwegian Krone/Mexican Peso (NOKMXN) - Request Your Free Report.