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Forex Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)

Long-Term Downtrend (-90) - MXNCNY is in a strong downtrend that is likely to continue. While MXNCNY is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.31184953 0.31336435 0.31149144 0.31335729 +0.00150800
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 Jan 26th, 2021 at 0.32046221

short term down The short-term trend has been DOWN since Feb 16th, 2021 at 0.32121688

Smart Scan Analysis for MXNCNY

Based on our trend formula, MXNCNY is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.31184953 0.31336435 0.31149144 0.31335729 +0.00150800
Prev. Close Volume Bid Ask Time
0.31184953 2021-03-02 12:55:08
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