Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Mexican Peso/Polish New Zloty (FOREX:MXNPLN)
Long-Term Downtrend (-90) - MXNPLN is in a strong downtrend that is likely to continue. While MXNPLN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MXNPLN?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNPLN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNPLN
The long-term trend has been DOWN since Feb 22nd, 2021 at 0.179815
The intermediate-term trend has been DOWN since Jan 29th, 2021 at 0.183240
The short-term trend has been DOWN since Feb 25th, 2021 at 0.177835
Smart Scan Analysis for MXNPLN
Based on our trend formula, MXNPLN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).