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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

Countertrend Down (-85) - MXNPEN 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 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
0.18529823 0.18529823 0.18529823 0.18529823 0.00000000
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 Dec 2nd, 2024 at 0.18501486

short term up The short-term trend has been UP since Dec 15th, 2024 at 0.18459505

Smart Scan Analysis for MXNPEN

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

-85
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.18529823 0.18529823 0.18529823 0.18529823 0.00000000
Prev. Close Volume Bid Ask Time
0.18434044 2024-12-23 07:25:14
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