Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)
Strong Uptrend (+100) - CNYMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jan 26th, 2021 at 3.1255188
The short-term trend has been UP since Mar 3rd, 2021 at 3.2288500
Smart Scan Analysis for CNYMXN
Based on our trend formula, CNYMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).