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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.

FOREX_MXNPLN
Open High Low MXNPLN Price Change
0.180620 0.181185 0.179165 0.179535 -0.001085
Entry Signal

MarketClub’s Trade Triangles for MXNPLN

long term down The long-term trend has been DOWN since Mar 1st, 2020 at 0.196975

intermediate term up The intermediate-term trend has been UP since May 10th, 2020 at 0.177830

short term down 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).

-55
Smart Scan Analysis for MXNPLN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.180620 0.181185 0.179165 0.179535 -0.001085
Prev. Close Volume Bid Ask Time
0.180620 0.179480 0.179590 2020-06-01 13:34:53
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