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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)

Long-Term Downtrend (-90) - NZDMXN is in a strong downtrend that is likely to continue. While NZDMXN is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
9.92825 9.93280 9.89365 9.91820 -0.01005
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 10.31915

intermediate term down The intermediate-term trend has been DOWN since Mar 4th, 2024 at 10.35605

short term down The short-term trend has been DOWN since Mar 11th, 2024 at 10.36415

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
9.92825 9.93280 9.89365 9.91820 -0.01005
Prev. Close Volume Bid Ask Time
9.92825 2024-03-29 08:49:52
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