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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Strong Downtrend (-100) - MXNUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNUSD continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for MXNUSD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.05751527
The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.05972700
The short-term trend has been DOWN since Apr 25th, 2024 at 0.05800950
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05811507 | 0.05826400 | 0.05797879 | 0.05799250 | -0.00012300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05811507 | 2024-04-26 05:00:07 |