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Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Weak Downtrend (-65) - MXNUSD is showing signs of a strengthening downtrend. Monitor MXNUSD as it may be building momentum to the downside.

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
0.04970429 0.04973318 0.04962050 0.04969200 -0.00001200
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 Oct 16th, 2024 at 0.05042837

short term up The short-term trend has been UP since Nov 15th, 2024 at 0.04912825

Smart Scan Analysis for MXNUSD

Based on our trend formula, MXNUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04970429 0.04973318 0.04962050 0.04969200 -0.00001200
Prev. Close Volume Bid Ask Time
0.04970429 2024-11-20 03:28:28
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