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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Norwegian Krone/Mexican Peso (FOREX:NOKMXN)

Bull Market Weakness (+75) - NOKMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKMXN as it may be in the beginning stages 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.

FOREX_NOKMXN
Open High Low NOKMXN Price Change
2.423535 2.433955 2.416610 2.417880 -0.005655
Entry Signal

MarketClub’s Trade Triangles for NOKMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 2.364175

intermediate term up The intermediate-term trend has been UP since Aug 23rd, 2021 at 2.269110

short term down The short-term trend has been DOWN since Oct 20th, 2021 at 2.410270

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).

+75
Smart Scan Analysis for NOKMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.423535 2.433955 2.416610 2.417880 -0.005655
Prev. Close Volume Bid Ask Time
2.423535 2021-10-22 08:59:09
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