Forex Trend Analysis Report

Prepared for you on Wednesday, November 29, 2023.

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

Crossroads (+60) - MXNAED is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	MXNAED Price	Change
0.21447216	0.21452358	0.21416519	0.21423129	-0.00024100
Entry Signal

MarketClub’s Trade Triangles for MXNAED

The long-term trend has been DOWN since Sep 27th, 2023 at 0.20719039

The intermediate-term trend has been UP since Nov 1st, 2023 at 0.20688087

The short-term trend has been UP since Nov 27th, 2023 at 0.21498987

Smart Scan Analysis for MXNAED

Based on our trend formula, MXNAED is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.21447216	0.21452358	0.21416519	0.21423129	-0.00024100
Prev. Close	Volume	Bid	Ask	Time
0.21447216				2023-11-29 03:30:38

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