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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)

Bull Market Weakness (+75) - NZDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDMXN as it may be in the beginning stages of a reversal.

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
11.31080 11.32460 11.27935 11.28440 -0.02640
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Jun 3rd, 2024 at 10.50790

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 10.00895

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 11.29110

Smart Scan Analysis for NZDMXN

Based on our trend formula, NZDMXN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.31080 11.32460 11.27935 11.28440 -0.02640
Prev. Close Volume Bid Ask Time
11.31080 2024-06-20 04:35:32
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