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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Mexican Peso/Chilean Peso (FOREX:MXNCLP)

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

Is it time to buy, sell, or avoid MXNCLP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCLP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNCLP
Open High Low MXNCLP Price Change
51.432113 51.432113 51.432113 51.432113 0.000000
Entry Signal

MarketClub’s Trade Triangles for MXNCLP

long term down The long-term trend has been DOWN since May 15th, 2024 at 54.526107

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 56.879951

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 51.982704

Smart Scan Analysis for MXNCLP

Based on our trend formula, MXNCLP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.432113 51.432113 51.432113 51.432113 0.000000
Prev. Close Volume Bid Ask Time
52.146847 2024-07-17 16:15:52
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