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.

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

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).

+85

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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