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.
MarketClub’s Trade Triangles for MXNPEN
The long-term trend has been UP since Mar 31st, 2021 at 0.18462800
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 0.20479677
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).