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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)

Sidelines Mode (-55) - MXNCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MXNCNY?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCNY
Open High Low MXNCNY Price Change
0.31321433 0.31658658 0.31280334 0.31656647 +0.00335200
Entry Signal

MarketClub’s Trade Triangles for MXNCNY

long term down The long-term trend has been DOWN since Dec 9th, 2020 at 0.32803884

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.32033160

short term up The short-term trend has been UP since Oct 14th, 2021 at 0.31308508

Smart Scan Analysis for MXNCNY

Based on our trend formula, MXNCNY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MXNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31321433 0.31658658 0.31280334 0.31656647 +0.00335200
Prev. Close Volume Bid Ask Time
0.31321433 2021-10-15 17:19:11
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