Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Weak Downtrend (-65) - NZDMXN is showing signs of a strengthening downtrend. Monitor NZDMXN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid NZDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDMXN
The long-term trend has been DOWN since Oct 7th, 2020 at 14.07625
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 13.86205
The short-term trend has been UP since Nov 24th, 2020 at 14.02655
Smart Scan Analysis for NZDMXN
Based on our trend formula, NZDMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).