Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
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.
MarketClub’s Trade Triangles for MXNCNY
The long-term trend has been UP since Mar 22nd, 2022 at 0.31354891
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.37190431
The short-term trend has been UP since Mar 21st, 2023 at 0.36879051
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).