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Forex Trend Analysis Report

Prepared for you on Thursday, July 7, 2022.

Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)

Long-Term Downtrend (-90) - MXNAED is in a strong downtrend that is likely to continue. While MXNAED 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 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.

FOREX_MXNAED
Open High Low MXNAED Price Change
0.17815270 0.17816188 0.17810311 0.17815086 -0.00000200
Entry Signal

MarketClub’s Trade Triangles for MXNAED

long term down The long-term trend has been DOWN since Jul 6th, 2022 at 0.17744379

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.18367387

short term down The short-term trend has been DOWN since Jun 28th, 2022 at 0.18330606

Smart Scan Analysis for MXNAED

Based on our trend formula, MXNAED is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.17815270 0.17816188 0.17810311 0.17815086 -0.00000200
Prev. Close Volume Bid Ask Time
0.17815270 2022-07-07 00:14:49
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