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Forex Trend Analysis Report

Prepared for you on Saturday, February 27, 2021.

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
15.39950 15.43215 15.07505 15.08925 -0.31025
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Jan 29th, 2021 at 14.63545

intermediate term up The intermediate-term trend has been UP since Jan 28th, 2021 at 14.57450

short term up The short-term trend has been UP since Feb 15th, 2021 at 14.46900

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
15.39950 15.43215 15.07505 15.08925 -0.31025
Prev. Close Volume Bid Ask Time
15.39950 2021-02-26 17:11:42
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