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Forex Trend Analysis Report

Prepared for you on Sunday, June 26, 2022.

New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)

Strong Downtrend (-100) - NZDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDMXN continues to fall. 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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
12.60615 12.61555 12.52275 12.54345 -0.06270
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term down The long-term trend has been DOWN since Apr 13th, 2022 at 13.47020

intermediate term down The intermediate-term trend has been DOWN since Jun 23rd, 2022 at 12.53955

short term down The short-term trend has been DOWN since Jun 21st, 2022 at 12.79855

Smart Scan Analysis for NZDMXN

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

-100
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.60615 12.61555 12.52275 12.54345 -0.06270
Prev. Close Volume Bid Ask Time
12.60615 2022-06-24 17:03:04
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