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.
MarketClub’s Trade Triangles for MXNNZD
The long-term trend has been DOWN since Mar 6th, 2020 at 0.0781365
The intermediate-term trend has been DOWN since Feb 27th, 2020 at 0.0818210
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).