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.
MarketClub’s Trade Triangles for NOKMXN
The long-term trend has been DOWN since Jul 31st, 2019 at 2.165385
The intermediate-term trend has been DOWN since Jan 17th, 2020 at 2.107640
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).