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.
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MarketClub’s Trade Triangles for MXNPEN
The long-term trend has been DOWN since Jun 4th, 2024 at 0.21612627
The intermediate-term trend has been DOWN since Dec 2nd, 2024 at 0.18501486
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).
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 |