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Forex Trend Analysis Report

Prepared for you on Wednesday, March 22, 2023.

New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)

Sidelines Mode (+55) - NZDMXN 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 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
11.55340 11.61115 11.48045 11.59695 +0.04355
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term down The long-term trend has been DOWN since Feb 26th, 2023 at 11.32020

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 11.53305

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 11.64645

Smart Scan Analysis for NZDMXN

Based on our trend formula, NZDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.55340 11.61115 11.48045 11.59695 +0.04355
Prev. Close Volume Bid Ask Time
11.55340 2023-03-22 21:06:30
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