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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

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.

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FOREX_MXNAED
Open High Low MXNAED Price Change
0.17234471 0.17257821 0.16981105 0.17080380 -0.00154100
Entry Signal

MarketClub’s Trade Triangles for MXNAED

long term down The long-term trend has been DOWN since Mar 4th, 2021 at 0.17451436

intermediate term down The intermediate-term trend has been DOWN since Jan 26th, 2021 at 0.18129446

short term down The short-term trend has been DOWN since Mar 3rd, 2021 at 0.17593910

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
0.17234471 0.17257821 0.16981105 0.17080380 -0.00154100
Prev. Close Volume Bid Ask Time
0.17234471 2021-03-08 20:09:23
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