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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 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
2.7639983 2.7709323 2.7581688 2.7705637 +0.0065650
Entry Signal

MarketClub’s Trade Triangles for CNYMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 2.4514205

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2024 at 2.7718071

short term down The short-term trend has been DOWN since Dec 20th, 2024 at 2.7555136

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
2.7639983 2.7709323 2.7581688 2.7705637 +0.0065650
Prev. Close Volume Bid Ask Time
2.7639983 2024-12-26 13:53:09
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