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.
MarketClub’s Trade Triangles for NZDMXN
The long-term trend has been UP since Oct 1st, 2021 at 14.27860
The intermediate-term trend has been UP since Oct 1st, 2021 at 14.27585
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).