Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Mexican Peso/Polish New Zloty (FOREX:MXNPLN)
Bull Market Weakness (+75) - MXNPLN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNPLN as it may be in the beginning stages of a reversal.
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 UP since Mar 26th, 2021 at 0.191745
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 0.191570
The short-term trend has been UP since Oct 15th, 2021 at 0.192255
Smart Scan Analysis for MXNPLN
Based on our trend formula, MXNPLN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).