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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Sidelines Mode (-55) - MXNUSD 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 MXNUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNUSD.
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 MXNUSD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.05751527
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.05972700
The short-term trend has been UP since Apr 29th, 2024 at 0.05870858
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05910205 | 0.05940719 | 0.05894650 | 0.05936650 | +0.00026400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05910205 | 2024-05-09 15:08:38 |