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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Polish New Zloty (FOREX:MXNPLN)
Strong Downtrend (-100) - MXNPLN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNPLN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MXNPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNPLN.
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 MXNPLN
The long-term trend has been DOWN since Apr 18th, 2024 at 0.231515
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 0.238180
The short-term trend has been DOWN since May 9th, 2024 at 0.236040
Smart Scan Analysis for MXNPLN
Based on our trend formula, MXNPLN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.23647 | 0.23671 | 0.23567 | 0.23573 | -0.00074 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.23647 | 2024-05-09 08:44:14 |