Free Daily Analysis

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.

FOREX_MXNCNY
Open High Low MXNCNY Price Change
0.37789878 0.37789878 0.37789878 0.37789878 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MXNCNY

long term up The long-term trend has been UP since Mar 22nd, 2022 at 0.31354891

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.37190431

short term up 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).

+75
Smart Scan Analysis for MXNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37789878 0.37789878 0.37789878 0.37789878 0.00000000
Prev. Close Volume Bid Ask Time
0.37789878 2023-03-29 00:06:17
Get a free daily analysis and signals for Mexican Peso/Chinese Yuan Renminbi (MXNCNY) - Request Your Free Report.