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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)

Long-Term Uptrend (+90) - NZDMXN is in a strong uptrend that is likely to continue. While NZDMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
10.78370 10.78690 10.61015 10.61980 -0.16390
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Oct 5th, 2023 at 10.75325

intermediate term up The intermediate-term trend has been UP since Nov 28th, 2023 at 10.56215

short term up The short-term trend has been UP since Dec 7th, 2023 at 10.81130

Smart Scan Analysis for NZDMXN

Based on our trend formula, NZDMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.78370 10.78690 10.61015 10.61980 -0.16390
Prev. Close Volume Bid Ask Time
10.78370 2023-12-08 17:07:11
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