Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
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.
MarketClub’s Trade Triangles for MXNPEN
The long-term trend has been UP since May 2nd, 2022 at 0.18745263
The intermediate-term trend has been DOWN since Mar 18th, 2023 at 0.20792064
The short-term trend has been DOWN since Mar 18th, 2023 at 0.20954043
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).