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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.

FOREX_NZDMXN
Open High Low NZDMXN Price Change
13.80860 13.81315 13.72150 13.74810 -0.06050
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term down The long-term trend has been DOWN since Dec 17th, 2021 at 14.03525

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2021 at 14.36670

short term down 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).

-90
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways 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
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