Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Bull Market Weakness (+75) - MXNNZD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNNZD as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for MXNNZD
The long-term trend has been DOWN since Jun 3rd, 2024 at 0.0951675
The intermediate-term trend has been UP since Nov 19th, 2024 at 0.0841960
The short-term trend has been UP since Nov 14th, 2024 at 0.0831480
Smart Scan Analysis for MXNNZD
Based on our trend formula, MXNNZD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0841250 | 0.0843695 | 0.0841065 | 0.0842450 | +0.0001200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0841250 | 2024-11-20 03:48:19 |