Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, December 9, 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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for MXVMXN
The long-term trend has been UP since Dec 9th, 2021 at 7.062680
The intermediate-term trend has been UP since Oct 1st, 2024 at 8.245227
The short-term trend has been UP since Oct 28th, 2024 at 8.251509
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.325848 | 8.325848 | 8.325848 | 8.325848 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.329917 | 8.325848 | 8.325848 | 2024-12-03 22:40:06 |