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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
/Mexican Peso (FOREX:MXVMXN)
Sidelines Mode (+55) - MXVMXN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MXVMXN
The long-term trend has been UP since Oct 28th, 2021 at 6.960854
The intermediate-term trend has been UP since Oct 1st, 2024 at 8.245227
The short-term trend has been DOWN since Oct 23rd, 2024 at 8.251509
Smart Scan Analysis for MXVMXN
Based on our trend formula, MXVMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.250745 | 8.250745 | 8.250745 | 8.250745 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.250745 | 8.250745 | 8.250745 | 2024-10-24 23:30:44 |