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Forex Trend Analysis Report

Prepared for you on Sunday, January 16, 2022.

Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)

Bull Market Weakness (+75) - MXNCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNCNY as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid MXNCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCNY
Open High Low MXNCNY Price Change
0.31296124 0.31311922 0.31233099 0.31286449 -0.00009700
Entry Signal

MarketClub’s Trade Triangles for MXNCNY

long term down The long-term trend has been DOWN since Dec 9th, 2020 at 0.32803884

intermediate term up The intermediate-term trend has been UP since Dec 16th, 2021 at 0.30612067

short term up The short-term trend has been UP since Jan 7th, 2022 at 0.31280451

Smart Scan Analysis for MXNCNY

Based on our trend formula, MXNCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MXNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31296124 0.31311922 0.31233099 0.31286449 -0.00009700
Prev. Close Volume Bid Ask Time
0.31296124 2022-01-14 16:37:20
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