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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Brazilian Real (FOREX:MXNBRL)
Sidelines Mode (-55) - MXNBRL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNBRL?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNBRL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MXNBRL
The long-term trend has been UP since Jan 4th, 2024 at 0.28947433
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 0.30153981
The short-term trend has been UP since May 8th, 2024 at 0.30123101
Smart Scan Analysis for MXNBRL
Based on our trend formula, MXNBRL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.30069638 | 0.30069638 | 0.30060499 | 0.30060499 | -0.00009100 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.30069638 | 2024-05-09 03:35:58 |