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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)
Strong Downtrend (-100) - MXNPEN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNPEN continues to fall. Traders should use caution 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 Jul 18th, 2024 at 0.20833972
The short-term trend has been DOWN since Jul 25th, 2024 at 0.20720879
Smart Scan Analysis for MXNPEN
Based on our trend formula, MXNPEN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.20525589 | 0.20525589 | 0.20525589 | 0.20525589 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.20525589 | 2024-07-26 07:26:05 |