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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Long-Term Downtrend (-90) - MXNUSD is in a strong downtrend that is likely to continue. While MXNUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Apr 10th, 2024 at 0.06062708
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05736800 | 0.05853000 | 0.05722675 | 0.05848505 | +0.00111700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05736800 | 2024-04-19 17:02:48 |