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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Mexican Peso/Czech Koruna (FOREX:MXNCZK)

Countertrend Down (-85) - MXNCZK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_MXNCZK
Open High Low MXNCZK Price Change
1.2432850 1.2614300 1.2420100 1.2551525 +0.0118670
Entry Signal

MarketClub’s Trade Triangles for MXNCZK

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 1.327615

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 1.405110

short term up The short-term trend has been UP since Jun 18th, 2024 at 1.256590

Smart Scan Analysis for MXNCZK

Based on our trend formula, MXNCZK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MXNCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2432850 1.2614300 1.2420100 1.2551525 +0.0118670
Prev. Close Volume Bid Ask Time
1.2432850 2024-06-18 10:17:52
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