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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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
15.0986 15.1052 15.0649 15.1007 +0.0021
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Jan 29th, 2021 at 14.63545

intermediate term up The intermediate-term trend has been UP since Jan 28th, 2021 at 14.57450

short term down 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).

+85
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.0986 15.1052 15.0649 15.1007 +0.0021
Prev. Close Volume Bid Ask Time
15.0986 2021-03-01 03:08:32
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