Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Countertrend Up (+85) - NZDMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NZDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NZDMXN
The long-term trend has been UP since Jan 29th, 2021 at 14.63545
The intermediate-term trend has been UP since Jan 28th, 2021 at 14.57450
The short-term trend has been DOWN since Mar 1st, 2021 at 15.07505
Smart Scan Analysis for NZDMXN
Based on our trend formula, NZDMXN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).