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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)

Crossroads (+60) - CNYMXN is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_CNYMXN
Open High Low CNYMXN Price Change
2.3181958 2.3605065 2.3140862 2.3552962 +0.0371000
Entry Signal

MarketClub’s Trade Triangles for CNYMXN

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 2.3325466

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 2.3132366

short term up The short-term trend has been UP since Apr 10th, 2024 at 2.2814316

Smart Scan Analysis for CNYMXN

Based on our trend formula, CNYMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CNYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3181958 2.3605065 2.3140862 2.3552962 +0.0371000
Prev. Close Volume Bid Ask Time
2.3181958 2024-04-16 19:40:28
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