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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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
14.4799 14.5208 14.3657 14.3852 -0.0947
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 14.27860

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2021 at 14.27585

short term down 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).

+85
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.4799 14.5208 14.3657 14.3852 -0.0947
Prev. Close Volume Bid Ask Time
14.4799 2021-10-15 17:01:17
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