Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2024.

Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)

Crossroads (-60) - MXNNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	MXNNZD Price	Change
0.0985715	0.0986135	0.0982305	0.0984565	-0.0001150
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

The long-term trend has been UP since Mar 4th, 2024 at 0.0969090

The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.0999110

The short-term trend has been DOWN since Apr 25th, 2024 at 0.0983845

Smart Scan Analysis for MXNNZD

Based on our trend formula, MXNNZD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.0985715	0.0986135	0.0982305	0.0984565	-0.0001150
Prev. Close	Volume	Bid	Ask	Time
0.0985715				2024-04-25 06:41:29

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