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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

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.

FOREX_CNYMXN
Open High Low CNYMXN Price Change
2.7399099 2.7441490 2.7018215 2.7019217 -0.0379880
Entry Signal

MarketClub’s Trade Triangles for CNYMXN

long term down The long-term trend has been DOWN since Mar 21st, 2022 at 3.1915551

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 2.6901191

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 2.7072289

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).

-55
Smart Scan Analysis for CNYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.7399099 2.7441490 2.7018215 2.7019217 -0.0379880
Prev. Close Volume Bid Ask Time
2.7399099 2023-03-21 16:49:31
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