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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)

Strong Downtrend (-100) - MXNNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNNZD continues to fall. 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
0.0882550 0.0885680 0.0873595 0.0881685 -0.0000870
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 0.0951675

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.0999110

short term down The short-term trend has been DOWN since May 23rd, 2024 at 0.0979055

Smart Scan Analysis for MXNNZD

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

-100
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0882550 0.0885680 0.0873595 0.0881685 -0.0000870
Prev. Close Volume Bid Ask Time
0.0882550 2024-06-14 16:59:52
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