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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Mexican Peso/United Arab Emirates Dirham (FOREX:MXNAED)

Countertrend Down (-85) - MXNAED is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_MXNAED
Open High Low MXNAED Price Change
0.21680683 0.21685457 0.21618284 0.21653176 -0.00027500
Entry Signal

MarketClub’s Trade Triangles for MXNAED

long term down The long-term trend has been DOWN since Apr 18th, 2024 at 0.21125437

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.21934442

short term up The short-term trend has been UP since Apr 23rd, 2024 at 0.21589600

Smart Scan Analysis for MXNAED

Based on our trend formula, MXNAED is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for MXNAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21680683 0.21685457 0.21618284 0.21653176 -0.00027500
Prev. Close Volume Bid Ask Time
0.21680683 2024-04-24 04:23:16
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