Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Countertrend Up (+85) - NZDMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 1st, 2021 at 14.27860
The intermediate-term trend has been UP since Oct 1st, 2021 at 14.27585
The short-term trend has been DOWN since Oct 13th, 2021 at 14.34225
Smart Scan Analysis for NZDMXN
Based on our trend formula, NZDMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).