Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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 Oct 1st, 2021 at 0.0700345
The intermediate-term trend has been DOWN since Oct 1st, 2021 at 0.0700485
The short-term trend has been DOWN since Oct 18th, 2021 at 0.0688650
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).