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Forex Trend Analysis Report

Prepared for you on Thursday, June 4, 2020.

Mexican Peso/Peruvian Nuevo Sol (FOREX:MXNPEN)

Crossroads (-60) - MXNPEN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
0.15542816 0.15542816 0.15542816 0.15542816 0.00000000
Entry Signal

MarketClub’s Trade Triangles for MXNPEN

long term down The long-term trend has been DOWN since Mar 9th, 2020 at 0.17319678

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 0.14152348

short term up The short-term trend has been UP since May 14th, 2020 at 0.14306050

Smart Scan Analysis for MXNPEN

Based on our trend formula, MXNPEN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for MXNPEN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.15542816 0.15542816 0.15542816 0.15542816 0.00000000
Prev. Close Volume Bid Ask Time
0.15542816 0.15216500 0.15869131 2020-06-01 07:17:49
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