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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Bull Market Weakness (+75) - MXNUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNUSD as it may be in the beginning stages of a reversal.

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
0.05812650 0.05817000 0.05740874 0.05748550 -0.00064100
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.05891900

intermediate term up The intermediate-term trend has been UP since Nov 1st, 2023 at 0.05632400

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.05845663

Smart Scan Analysis for MXNUSD

Based on our trend formula, MXNUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05812650 0.05817000 0.05740874 0.05748550 -0.00064100
Prev. Close Volume Bid Ask Time
0.05812650 2023-12-04 11:49:40
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