Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)
Long-Term Uptrend (+90) - CNYMXN is in a strong uptrend that is likely to continue. While CNYMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for CNYMXN
The long-term trend has been UP since Dec 10th, 2020 at 3.0556600
The intermediate-term trend has been UP since Sep 28th, 2021 at 3.1245569
The short-term trend has been UP since Oct 28th, 2021 at 3.1810090
Smart Scan Analysis for CNYMXN
Based on our trend formula, CNYMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).