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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)

Long-Term Downtrend (-90) - MXNNZD is in a strong downtrend that is likely to continue. While MXNNZD 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 MXNNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNNZD
Open High Low MXNNZD Price Change
0.0705830 0.0707035 0.0684075 0.0692020 -0.0013810
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term down The long-term trend has been DOWN since Mar 6th, 2020 at 0.0781365

intermediate term down The intermediate-term trend has been DOWN since Feb 27th, 2020 at 0.0818210

short term down The short-term trend has been DOWN since Mar 30th, 2020 at 0.0698630

Smart Scan Analysis for MXNNZD

Based on our trend formula, MXNNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0705830 0.0707035 0.0684075 0.0692020 -0.0013810
Prev. Close Volume Bid Ask Time
0.0705830 0.0691760 0.0692280 2020-04-01 14:00:30
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