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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)
Long-Term Downtrend (-90) - MXNPEN is in a strong downtrend that is likely to continue. While MXNPEN is showing intraday strength, it remains in the confines of a bearish trend. 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 Oct 2nd, 2024 at 0.19256023
The short-term trend has been DOWN since Sep 23rd, 2024 at 0.19379365
Smart Scan Analysis for MXNPEN
Based on our trend formula, MXNPEN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.18501486 | 0.18501486 | 0.18501486 | 0.18501486 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.18639866 | 2024-11-12 07:25:07 |