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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Mexican Peso/New Zealand Dollar (FOREX:MXNNZD)

Sidelines Mode (+55) - MXNNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.0923625 0.0925235 0.0918970 0.0925065 +0.0001440
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 0.0951675

intermediate term up The intermediate-term trend has been UP since Jul 9th, 2024 at 0.0913790

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 0.0918380

Smart Scan Analysis for MXNNZD

Based on our trend formula, MXNNZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0923625 0.0925235 0.0918970 0.0925065 +0.0001440
Prev. Close Volume Bid Ask Time
0.0923625 2024-07-21 23:43:57
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