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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Sidelines Mode (-55) - MXNCZK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MXNCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for MXNCZK
The long-term trend has been UP since Mar 2nd, 2023 at 1.223425
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 1.405110
The short-term trend has been UP since May 7th, 2024 at 1.377300
Smart Scan Analysis for MXNCZK
Based on our trend formula, MXNCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.37808 | 1.38035 | 1.37472 | 1.37748 | -0.00060 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.37808 | 2024-05-08 07:56:05 |