Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)
Long-Term Downtrend (-90) - NZDMXN is in a strong downtrend that is likely to continue. While NZDMXN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Dec 17th, 2021 at 14.03525
The intermediate-term trend has been DOWN since Dec 3rd, 2021 at 14.36670
The short-term trend has been DOWN since Jan 21st, 2022 at 13.76735
Smart Scan Analysis for NZDMXN
Based on our trend formula, NZDMXN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.80860 | 13.81315 | 13.72150 | 13.74810 | -0.06050 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.80860 | 2022-01-21 17:06:15 |