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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)

Weak Downtrend (-65) - MXNCNY is showing signs of a strengthening downtrend. Monitor MXNCNY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid MXNCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCNY
Open High Low MXNCNY Price Change
0.41989063 0.41993775 0.41802144 0.41826167 -0.00162900
Entry Signal

MarketClub’s Trade Triangles for MXNCNY

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.40805127

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.42536385

short term up The short-term trend has been UP since May 6th, 2024 at 0.41923850

Smart Scan Analysis for MXNCNY

Based on our trend formula, MXNCNY is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.41989063 0.41993775 0.41802144 0.41826167 -0.00162900
Prev. Close Volume Bid Ask Time
0.41989063 2024-05-09 05:03:27
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