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Forex Trend Analysis Report

Prepared for you on Saturday, May 25, 2024.

New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)

Crossroads (+60) - NZDMXN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
10.20285 10.23875 10.18595 10.21875 +0.01590
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term down The long-term trend has been DOWN since Mar 4th, 2024 at 10.31915

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 10.00895

short term up The short-term trend has been UP since May 23rd, 2024 at 10.21395

Smart Scan Analysis for NZDMXN

Based on our trend formula, NZDMXN is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.20285 10.23875 10.18595 10.21875 +0.01590
Prev. Close Volume Bid Ask Time
10.20285 2024-05-24 16:59:36
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