Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)
Bull Market Weakness (+75) - MXNCNY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNCNY as it may be in the beginning stages 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.
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MarketClub’s Trade Triangles for MXNCNY
The long-term trend has been DOWN since Apr 18th, 2024 at 0.40805127
The intermediate-term trend has been UP since Dec 9th, 2024 at 0.36065182
The short-term trend has been UP since Dec 20th, 2024 at 0.36240930
Smart Scan Analysis for MXNCNY
Based on our trend formula, MXNCNY is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.36178719 | 0.36193057 | 0.36142705 | 0.36177320 | -0.00001400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.36178719 | 2024-12-26 05:23:25 |