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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.

FOREX_MXNPLN
Open High Low MXNPLN Price Change
0.177495 0.179660 0.177235 0.179555 +0.002060
Entry Signal

MarketClub’s Trade Triangles for MXNPLN

long term down The long-term trend has been DOWN since Feb 22nd, 2021 at 0.179815

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2021 at 0.183240

short term down 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).

-90
Smart Scan Analysis for MXNPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.177495 0.179660 0.177235 0.179555 +0.002060
Prev. Close Volume Bid Ask Time
0.177495 2021-02-26 17:11:42
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