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.
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MarketClub’s Trade Triangles for NZDMXN
The long-term trend has been DOWN since Mar 4th, 2024 at 10.31915
The intermediate-term trend has been DOWN since Mar 4th, 2024 at 10.35605
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).
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 |