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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
14.6952 14.7467 14.4529 14.5352 -0.1600
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Mar 6th, 2020 at 12.7965

intermediate term up The intermediate-term trend has been UP since Feb 27th, 2020 at 12.2218

short term up The short-term trend has been UP since Mar 30th, 2020 at 14.3105

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).

+90
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.6952 14.7467 14.4529 14.5352 -0.1600
Prev. Close Volume Bid Ask Time
14.6952 14.5300 14.5404 2020-04-07 06:28:31
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