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Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)
Sidelines Mode (+55) - MXNPEN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for MXNPEN
The long-term trend has been UP since Nov 19th, 2023 at 0.22141793
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.21572714
The short-term trend has been DOWN since Nov 23rd, 2023 at 0.21967575
Smart Scan Analysis for MXNPEN
Based on our trend formula, MXNPEN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.21591981 | 0.21591981 | 0.21591981 | 0.21591981 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.21591981 | 2023-12-09 00:32:24 |