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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

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

Weak Downtrend (-65) - MXNAED is showing signs of a strengthening downtrend. Monitor MXNAED as it may be building momentum to the downside.

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
0.18178850 0.18180503 0.18080225 0.18133968 -0.00044900
Entry Signal

MarketClub’s Trade Triangles for MXNAED

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 0.17754780

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2021 at 0.18179146

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.17741963

Smart Scan Analysis for MXNAED

Based on our trend formula, MXNAED is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18178850 0.18180503 0.18080225 0.18133968 -0.00044900
Prev. Close Volume Bid Ask Time
0.18178850 2021-10-21 10:43:44
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