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Forex Trend Analysis Report

Prepared for you on Saturday, May 15, 2021.

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.

FOREX_MXNNZD
Open High Low MXNNZD Price Change
0.0699485 0.0699925 0.0693685 0.0694150 -0.0005330
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term down The long-term trend has been DOWN since Jan 29th, 2021 at 0.0683350

intermediate term down The intermediate-term trend has been DOWN since Apr 26th, 2021 at 0.0695235

short term up The short-term trend has been UP since May 11th, 2021 at 0.0692745

Smart Scan Analysis for MXNNZD

Based on our trend formula, MXNNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0699485 0.0699925 0.0693685 0.0694150 -0.0005330
Prev. Close Volume Bid Ask Time
0.0699485 2021-05-14 17:13:34
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