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.
MarketClub’s Trade Triangles for MXNAED
The long-term trend has been DOWN since Jul 6th, 2022 at 0.17744379
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 0.18367387
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).