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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

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
0.1764024 0.1764024 0.1764024 0.1764024 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term up The long-term trend has been UP since Jul 6th, 2020 at 0.15794805

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 0.17885948

short term down The short-term trend has been DOWN since Feb 17th, 2021 at 0.18161514

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
0.1764024 0.1764024 0.1764024 0.1764024 0.0000000
Prev. Close Volume Bid Ask Time
0.1764024 2021-02-25 07:31:40
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