Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)
Bear Market Rally (-75) - MXNAED is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MXNAED as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MXNAED?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNAED.
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 MXNAED
The long-term trend has been DOWN since Apr 18th, 2024 at 0.21125437
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.21934442
The short-term trend has been UP since Apr 23rd, 2024 at 0.21589600
Smart Scan Analysis for MXNAED
Based on our trend formula, MXNAED is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21680683 | 0.21685457 | 0.21618284 | 0.21649725 | -0.00031000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21680683 | 2024-04-24 05:55:27 |