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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.
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MarketClub’s Trade Triangles for CNYMXN
The long-term trend has been DOWN since Mar 21st, 2022 at 3.1915551
The intermediate-term trend has been UP since Mar 13th, 2023 at 2.6901191
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).
| 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 |