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Forex Trend Analysis Report

Prepared for you on Monday, June 17, 2024.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

Long-Term Downtrend (-90) - MXNPEN is in a strong downtrend that is likely to continue. While MXNPEN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.20273468 0.20439340 0.20273468 0.20405043 +0.00131600
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term down The long-term trend has been DOWN since Jun 4th, 2024 at 0.21612627

intermediate term down The intermediate-term trend has been DOWN since Jun 4th, 2024 at 0.22010252

short term down The short-term trend has been DOWN since May 31st, 2024 at 0.22392150

Smart Scan Analysis for MXNPEN

Based on our trend formula, MXNPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.20273468 0.20439340 0.20273468 0.20405043 +0.00131600
Prev. Close Volume Bid Ask Time
0.20273468 2024-06-16 21:00:23
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