Free Daily Analysis

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.

FOREX_MXNNZD
Open High Low MXNNZD Price Change
0.068860 0.068872 0.068801 0.068831 -0.000029
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.0700345

intermediate term down The intermediate-term trend has been DOWN since Oct 1st, 2021 at 0.0700485

short term down 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).

-100
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.068860 0.068872 0.068801 0.068831 -0.000029
Prev. Close Volume Bid Ask Time
0.068860 2021-10-22 02:14:35
Get a free daily analysis and signals for Mexican Peso/New Zealand Dollar (MXNNZD) - Request Your Free Report.