Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
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.
MarketClub’s Trade Triangles for MXNNZD
The long-term trend has been DOWN since Oct 5th, 2023 at 0.0929965
The intermediate-term trend has been DOWN since Nov 28th, 2023 at 0.0946800
The short-term trend has been DOWN since Nov 21st, 2023 at 0.0962840
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).