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Forex Trend Analysis Report

Prepared for you on Wednesday, February 5, 2025.

Chinese Yuan Renminbi/Mexican Peso (FOREX:CNYMXN)

Weak Uptrend (+65) - CNYMXN is showing signs of weakening momentum to the upside. Monitor CNYMXN as it may be in the beginning stages of a reversal.

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
2.8153011 2.8241498 2.8129061 2.8238989 +0.0085980
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 Dec 30th, 2024 at 2.8108512

short term down The short-term trend has been DOWN since Feb 3rd, 2025 at 2.8443332

Smart Scan Analysis for CNYMXN

Based on our trend formula, CNYMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CNYMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.8153011 2.8241498 2.8129061 2.8238989 +0.0085980
Prev. Close Volume Bid Ask Time
2.8153011 2025-02-05 02:44:45
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