Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)
Sidelines Mode (+50) - MXNNZD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until MXNNZD can gain momentum.
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 DOWN since Jun 3rd, 2024 at 0.0951675
The intermediate-term trend has been UP since Oct 4th, 2024 at 0.0847355
The short-term trend has been UP since Oct 23rd, 2024 at 0.0834670
Smart Scan Analysis for MXNNZD
Based on our trend formula, MXNNZD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0841075 | 0.0842310 | 0.0835220 | 0.0837055 | -0.0004020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0841075 | 2024-10-25 17:05:46 |