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Forex Trend Analysis Report

Prepared for you on Tuesday, October 19, 2021.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

Crossroads (-60) - MXNPEN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_MXNPEN
Open High Low MXNPEN Price Change
0.19625849 0.19625849 0.19625849 0.19625849 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term up The long-term trend has been UP since Mar 31st, 2021 at 0.18462800

intermediate term down The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.20479677

short term down The short-term trend has been DOWN since Sep 21st, 2021 at 0.20609277

Smart Scan Analysis for MXNPEN

Based on our trend formula, MXNPEN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.19625849 0.19625849 0.19625849 0.19625849 0.00000000
Prev. Close Volume Bid Ask Time
0.19581527 2021-10-12 21:08:34
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