Forex Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
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.
MarketClub’s Trade Triangles for MXNNZD
The long-term trend has been DOWN since Jan 29th, 2021 at 0.0683350
The intermediate-term trend has been DOWN since Apr 26th, 2021 at 0.0695235
The short-term trend has been UP since May 11th, 2021 at 0.0692745
Smart Scan Analysis for MXNNZD
Based on our trend formula, MXNNZD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).