Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)
Bear Market Rally (-75) - MXNCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNCNY as it may be in the beginning 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.
MarketClub’s Trade Triangles for MXNCNY
The long-term trend has been DOWN since Dec 9th, 2020 at 0.32803884
The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.32033160
The short-term trend has been UP since Oct 14th, 2021 at 0.31308508
Smart Scan Analysis for MXNCNY
Based on our trend formula, MXNCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).