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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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

Bull Market Weakness (+75) - MXNAED is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNAED as it may be in the beginning stages of a reversal.

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
0.20046336 0.20071131 0.20003924 0.20061582 +0.00015200
Entry Signal

MarketClub’s Trade Triangles for MXNAED

long term up The long-term trend has been UP since Nov 10th, 2022 at 0.18902324

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.19750302

short term up The short-term trend has been UP since Mar 21st, 2023 at 0.19707888

Smart Scan Analysis for MXNAED

Based on our trend formula, MXNAED is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MXNAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20046336 0.20071131 0.20003924 0.20061582 +0.00015200
Prev. Close Volume Bid Ask Time
0.20046336 2023-03-28 08:06:20
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