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.
MarketClub’s Trade Triangles for MXNCNY
The long-term trend has been DOWN since Dec 9th, 2020 at 0.32803884
The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.32046221
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).