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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 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.

FOREX_MXNCNY
Open High Low MXNCNY Price Change
0.42600991 0.42731057 0.42571519 0.42634162 +0.00033200
Entry Signal

MarketClub’s Trade Triangles for MXNCNY

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.40805127

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 0.42382792

short term up The short-term trend has been UP since May 17th, 2024 at 0.42533602

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).

+70
Smart Scan Analysis for MXNCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.42600991 0.42731057 0.42571519 0.42634162 +0.00033200
Prev. Close Volume Bid Ask Time
0.42600991 2024-05-23 02:21:16
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