Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Bear Market Rally (-75) - MXNNZD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNNZD as it may be in the beginning of a reversal.
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 Jan 29th, 2021 at 0.068335
The intermediate-term trend has been DOWN since Jan 28th, 2021 at 0.068613
The short-term trend has been UP since Mar 1st, 2021 at 0.066335
Smart Scan Analysis for MXNNZD
Based on our trend formula, MXNNZD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).