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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)
Strong Uptrend (+100) - CNYMXN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CNYMXN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid CNYMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNYMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNYMXN
The long-term trend has been UP since Apr 18th, 2024 at 2.4514205
The intermediate-term trend has been UP since Apr 15th, 2024 at 2.3132366
The short-term trend has been UP since Apr 25th, 2024 at 2.3811759
Smart Scan Analysis for CNYMXN
Based on our trend formula, CNYMXN is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.3746191 | 2.3844819 | 2.3620073 | 2.3676874 | -0.0069320 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.3746191 | 2024-04-26 16:32:02 |