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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)
Sidelines Mode (+55) - CNYMXN 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 CNYMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYMXN.
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 CNYMXN
The long-term trend has been UP since Apr 18th, 2024 at 2.4514205
The intermediate-term trend has been UP since Apr 15th, 2024 at 2.3132366
The short-term trend has been DOWN since Apr 29th, 2024 at 2.3503422
Smart Scan Analysis for CNYMXN
Based on our trend formula, CNYMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.3418223 | 2.3474338 | 2.3340220 | 2.3341896 | -0.0076330 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.3418223 | 2024-05-09 13:35:02 |