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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.

FOREX_MXNNZD
Open High Low MXNNZD Price Change
0.066231 0.066404 0.066202 0.066367 +0.000136
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term down The long-term trend has been DOWN since Jan 29th, 2021 at 0.068335

intermediate term down The intermediate-term trend has been DOWN since Jan 28th, 2021 at 0.068613

short term up 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).

-75
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.066231 0.066404 0.066202 0.066367 +0.000136
Prev. Close Volume Bid Ask Time
0.066231 2021-03-01 08:12:45
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