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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

New Zealand Dollar/Mexican Peso (FOREX:NZDMXN)

Bull Market Weakness (+75) - NZDMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NZDMXN as it may be in the beginning stages of a reversal.

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
14.37555 14.44625 14.37055 14.42430 +0.04875
Entry Signal

MarketClub’s Trade Triangles for NZDMXN

long term up The long-term trend has been UP since Oct 1st, 2021 at 14.27860

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2021 at 14.27585

short term down The short-term trend has been DOWN since Oct 13th, 2021 at 14.34225

Smart Scan Analysis for NZDMXN

Based on our trend formula, NZDMXN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for NZDMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.37555 14.44625 14.37055 14.42430 +0.04875
Prev. Close Volume Bid Ask Time
14.37555 2021-10-17 22:30:56
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