Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Sidelines Mode (+55) - NZDMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Feb 26th, 2023 at 11.32020
The intermediate-term trend has been UP since Mar 13th, 2023 at 11.53305
The short-term trend has been DOWN since Mar 21st, 2023 at 11.64645
Smart Scan Analysis for NZDMXN
Based on our trend formula, NZDMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).