Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Mexican Peso/Czech Koruna (FOREX:MXNCZK)

Long-Term Downtrend (-90) - MXNCZK is in a strong downtrend that is likely to continue. While MXNCZK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_MXNCZK
Open High Low MXNCZK Price Change
1.0020750 1.0379550 0.9932150 1.0342358 +0.0321610
Entry Signal

MarketClub’s Trade Triangles for MXNCZK

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 1.173985

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2020 at 1.202950

short term down The short-term trend has been DOWN since Apr 5th, 2020 at 1.025065

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).

-90
Smart Scan Analysis for MXNCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0020750 1.0379550 0.9932150 1.0342358 +0.0321610
Prev. Close Volume Bid Ask Time
1.0020750 1.0332957 1.0351758 2020-04-06 16:28:54
Get a free daily analysis and signals for Mexican Peso/Czech Koruna (MXNCZK) - Request Your Free Report.