Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Long-Term Uptrend (+90) - NZDMXN is in a strong uptrend that is likely to continue. While NZDMXN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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 5th, 2023 at 10.75325
The intermediate-term trend has been UP since Nov 28th, 2023 at 10.56215
The short-term trend has been UP since Dec 7th, 2023 at 10.81130
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).