Forex Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Strong Downtrend (-100) - NZDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDMXN continues to fall. Traders should use caution and set stops.
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 Apr 13th, 2022 at 13.47020
The intermediate-term trend has been DOWN since Jun 23rd, 2022 at 12.53955
The short-term trend has been DOWN since Jun 21st, 2022 at 12.79855
Smart Scan Analysis for NZDMXN
Based on our trend formula, NZDMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).