Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Weak Downtrend (-65) - MXNNZD is showing signs of a strengthening downtrend. Monitor MXNNZD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MXNNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNNZD
The long-term trend has been UP since Feb 26th, 2023 at 0.0883380
The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.0974275
The short-term trend has been DOWN since Sep 19th, 2023 at 0.0985055
Smart Scan Analysis for MXNNZD
Based on our trend formula, MXNNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).