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Forex Trend Analysis Report

Prepared for you on Wednesday, June 12, 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.

FOREX_CNYMXN
Open High Low CNYMXN Price Change
2.5634615 2.6214260 2.5627027 2.5894719 +0.0260100
Entry Signal

MarketClub’s Trade Triangles for CNYMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 2.4514205

intermediate term up The intermediate-term trend has been UP since May 29th, 2024 at 2.3532008

short term up The short-term trend has been UP since May 29th, 2024 at 2.3297954

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).

+100
Smart Scan Analysis for CNYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.5634615 2.6214260 2.5627027 2.5894719 +0.0260100
Prev. Close Volume Bid Ask Time
2.5634615 2024-06-12 17:17:51
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