Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Long-Term Uptrend (+90) - MXNCZK is in a strong uptrend that is likely to continue. While MXNCZK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MXNCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNCZK
The long-term trend has been UP since Oct 25th, 2021 at 1.0971700
The intermediate-term trend has been UP since Oct 20th, 2021 at 1.0841254
The short-term trend has been UP since Oct 13th, 2021 at 1.0628100
Smart Scan Analysis for MXNCZK
Based on our trend formula, MXNCZK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).