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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Crossroads (-60) - MXNCLP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCLP.
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 MXNCLP
The long-term trend has been UP since Apr 10th, 2023 at 45.302699
The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 56.879951
The short-term trend has been DOWN since May 5th, 2024 at 55.738758
Smart Scan Analysis for MXNCLP
Based on our trend formula, MXNCLP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 55.361223 | 55.361223 | 55.361223 | 55.361223 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 55.361223 | 2024-05-09 07:26:27 |