Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

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.

Open	High	Low	MXNCNY Price	Change
0.40721883	0.41180779	0.40600826	0.40911683	+0.00189800
Entry Signal

MarketClub’s Trade Triangles for MXNCNY

The long-term trend has been DOWN since Oct 3rd, 2023 at 0.40487244

The intermediate-term trend has been UP since Nov 1st, 2023 at 0.40365265

The short-term trend has been DOWN since Nov 28th, 2023 at 0.41227131

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).

-75

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.40721883	0.41180779	0.40600826	0.40911683	+0.00189800
Prev. Close	Volume	Bid	Ask	Time
0.40911683				2023-12-08 20:32:21

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