Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, November 29, 2020.

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
14.03695 14.13475 14.02575 14.06970 +0.03275
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term down The long-term trend has been DOWN since Oct 7th, 2020 at 14.07625

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 13.86205

short term up The short-term trend has been UP since Nov 24th, 2020 at 14.02655

Smart Scan Analysis for NZDMXN

Based on our trend formula, NZDMXN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.03695 14.13475 14.02575 14.06970 +0.03275
Prev. Close Volume Bid Ask Time
14.03695 2020-11-27 16:59:03
Get a free daily analysis and signals for New Zealand Dollar/Mexican Peso (NZDMXN) - Request Your Free Report.