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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

/Mexican Peso (FOREX:MXVMXN)

Countertrend Up (+85) - MXVMXN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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

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

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

FOREX_MXVMXN
Open High Low MXVMXN Price Change
8.153985 8.156877 8.153985 8.156877 +0.002892
Entry Signal

MarketClub’s Trade Triangles for MXVMXN

long term up The long-term trend has been UP since Jul 20th, 2021 at 6.854318

intermediate term up The intermediate-term trend has been UP since Jul 10th, 2024 at 8.131583

short term up The short-term trend has been UP since Jul 3rd, 2024 at 8.129311

Smart Scan Analysis for MXVMXN

Based on our trend formula, MXVMXN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for MXVMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.153985 8.156877 8.153985 8.156877 +0.002892
Prev. Close Volume Bid Ask Time
8.162665 8.156877 8.156877 2024-07-15 23:48:13
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