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Forex Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)

Bear Market Rally (-75) - MXNCNY is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNCNY as it may be in the beginning of a reversal.

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
0.30927520 0.31009894 0.30912730 0.30965111 +0.00037600
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 up The intermediate-term trend has been UP since Dec 16th, 2021 at 0.30612067

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 0.31182994

Smart Scan Analysis for MXNCNY

Based on our trend formula, MXNCNY is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MXNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.30927520 0.31009894 0.30912730 0.30965111 +0.00037600
Prev. Close Volume Bid Ask Time
0.30927520 2022-01-21 16:51:37
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