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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.

FOREX_CNYMXN
Open High Low CNYMXN Price Change
3.1757073 3.1941989 3.1667881 3.1881757 +0.0124680
Entry Signal

MarketClub’s Trade Triangles for CNYMXN

long term up The long-term trend has been UP since Dec 10th, 2020 at 3.0556600

intermediate term up The intermediate-term trend has been UP since Sep 28th, 2021 at 3.1245569

short term up 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).

+90
Smart Scan Analysis for CNYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.1757073 3.1941989 3.1667881 3.1881757 +0.0124680
Prev. Close Volume Bid Ask Time
3.1757073 2021-10-28 16:58:26
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