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Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Sidelines Mode (-55) - MXNUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid MXNUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for MXNUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MXNUSD
Open High Low MXNUSD Price Change
0.05517002 0.05593467 0.05510300 0.05568600 +0.00051600
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.05751527

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.05875046

short term up The short-term trend has been UP since Jun 18th, 2024 at 0.05437250

Smart Scan Analysis for MXNUSD

Based on our trend formula, MXNUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05517002 0.05593467 0.05510300 0.05568600 +0.00051600
Prev. Close Volume Bid Ask Time
0.05517002 2024-06-24 19:41:59
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