Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)
Bull Market Weakness (+75) - MXNPEN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNPEN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for MXNPEN
The long-term trend has been UP since Mar 31st, 2021 at 0.18462800
The intermediate-term trend has been UP since Mar 15th, 2021 at 0.17912012
The short-term trend has been UP since Apr 18th, 2021 at 0.18208011
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).