Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, October 27, 2021.

Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)

Long-Term Downtrend (-90) - MXNNZD is in a strong downtrend that is likely to continue. While MXNNZD 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 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
0.0691350 0.0693105 0.0685880 0.0687550 -0.0003800
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.0700345

intermediate term down The intermediate-term trend has been DOWN since Oct 1st, 2021 at 0.0700485

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 0.0689250

Smart Scan Analysis for MXNNZD

Based on our trend formula, MXNNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0691350 0.0693105 0.0685880 0.0687550 -0.0003800
Prev. Close Volume Bid Ask Time
0.0691350 2021-10-27 20:39:24
Get a free daily analysis and signals for Mexican Peso/New Zealand Dollar (MXNNZD) - Request Your Free Report.