Forex Trend Analysis Report

Prepared for you on Monday, September 16, 2024.

Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)

Bull Market Weakness (+75) - CNYMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CNYMXN as it may be in the beginning stages of a reversal.

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.

Open	High	Low	CNYMXN Price	Change
2.7043068	2.7330951	2.7030027	2.7097061	+0.0053990
Entry Signal

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 Jul 24th, 2024 at 2.5436311

The short-term trend has been UP since Sep 11th, 2024 at 2.8329958

Smart Scan Analysis for CNYMXN

Based on our trend formula, CNYMXN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
2.7043068	2.7330951	2.7030027	2.7097061	+0.0053990
Prev. Close	Volume	Bid	Ask	Time
2.7043068				2024-09-16 18:47:32

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