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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

Weak Downtrend (-65) - MXNPEN is showing signs of a strengthening downtrend. Monitor MXNPEN as it may be building momentum to the downside.

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
0.22099509 0.22099509 0.22099509 0.22099509 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term up The long-term trend has been UP since Nov 19th, 2023 at 0.22141793

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2024 at 0.22292759

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 0.22292759

Smart Scan Analysis for MXNPEN

Based on our trend formula, MXNPEN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.22099509 0.22099509 0.22099509 0.22099509 0.00000000
Prev. Close Volume Bid Ask Time
0.22099509 2024-04-18 07:26:27
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