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Forex Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

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
0.0979805 0.0981055 0.0974140 0.0975990 -0.0003810
Entry Signal

MarketClub’s Trade Triangles for MXNNZD

long term up The long-term trend has been UP since Feb 26th, 2023 at 0.0883380

intermediate term down The intermediate-term trend has been DOWN since Sep 5th, 2023 at 0.0974275

short term down The short-term trend has been DOWN since Sep 19th, 2023 at 0.0985055

Smart Scan Analysis for MXNNZD

Based on our trend formula, MXNNZD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0979805 0.0981055 0.0974140 0.0975990 -0.0003810
Prev. Close Volume Bid Ask Time
0.0979805 2023-09-22 16:26:46
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