Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Mexican Peso/Polish New Zloty (FOREX:MXNPLN)
Sidelines Mode (-55) - MXNPLN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Mar 1st, 2020 at 0.196975
The intermediate-term trend has been UP since May 10th, 2020 at 0.177830
The short-term trend has been DOWN since May 27th, 2020 at 0.180890
Smart Scan Analysis for MXNPLN
Based on our trend formula, MXNPLN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).