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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)
Long-Term Uptrend (+90) - CNYMXN is in a strong uptrend that is likely to continue. While CNYMXN 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 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 Jul 24th, 2024 at 2.5436311
The short-term trend has been UP since Jul 18th, 2024 at 2.4761264
Smart Scan Analysis for CNYMXN
Based on our trend formula, CNYMXN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.5414441 | 2.5524236 | 2.5241933 | 2.5458457 | +0.0044020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.5414441 | 2024-07-26 17:00:42 |