Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)

Crossroads (-60) - MXNCNY is struggling to move into a solid trend. Beware of choppy markets 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.

Open	High	Low	MXNCNY Price	Change
0.41749726	0.41998883	0.41584197	0.41813589	+0.00063900
Entry Signal

MarketClub’s Trade Triangles for MXNCNY

The long-term trend has been UP since Jan 5th, 2024 at 0.41926833

The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.42536385

The short-term trend has been DOWN since Apr 10th, 2024 at 0.43035450

Smart Scan Analysis for MXNCNY

Based on our trend formula, MXNCNY is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.41749726	0.41998883	0.41584197	0.41813589	+0.00063900
Prev. Close	Volume	Bid	Ask	Time
0.41749726				2024-04-17 23:01:18

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