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.
MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been DOWN since Apr 12th, 2022 at 2.24999
The intermediate-term trend has been UP since Jul 19th, 2022 at 2.06683
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).