Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 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.

Open	High	Low	MXNNZD Price	Change
0.0993420	0.0996410	0.0984565	0.0986460	-0.0006960
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

The long-term trend has been UP since Mar 4th, 2024 at 0.096909

The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.099911

The short-term trend has been UP since Apr 24th, 2024 at 0.099483

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.0993420	0.0996410	0.0984565	0.0986460	-0.0006960
Prev. Close	Volume	Bid	Ask	Time
0.0993420				2024-04-24 23:35:37

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