Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
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, SHORTSYMBOL 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.
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 Jun 11th, 2020 at 0.0692150
The short-term trend has been DOWN since Jul 31st, 2020 at 0.0677380
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).