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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)
Countertrend Up (+85) - CNYMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 23rd, 2024 at 2.3485890
Smart Scan Analysis for CNYMXN
Based on our trend formula, CNYMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.3574626 | 2.3722572 | 2.3503422 | 2.3690900 | +0.0116270 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.3574626 | 2024-04-25 09:05:54 |