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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
11.88705 11.88985 11.85265 11.85875 -0.02830
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Jun 3rd, 2024 at 10.5079

intermediate term down The intermediate-term trend has been DOWN since Nov 19th, 2024 at 11.8771

short term down The short-term trend has been DOWN since Nov 14th, 2024 at 12.0268

Smart Scan Analysis for NZDMXN

Based on our trend formula, NZDMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.88705 11.88985 11.85265 11.85875 -0.02830
Prev. Close Volume Bid Ask Time
11.88705 2024-11-20 03:28:11
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