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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Chilean Peso (FOREX:MXNCLP)
Sidelines Mode (-55) - MXNCLP 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 MXNCLP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCLP.
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 MXNCLP
The long-term trend has been DOWN since May 15th, 2024 at 54.526107
The intermediate-term trend has been UP since Jul 21st, 2024 at 52.171255
The short-term trend has been DOWN since Jul 25th, 2024 at 51.931423
Smart Scan Analysis for MXNCLP
Based on our trend formula, MXNCLP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 51.890919 | 51.890919 | 51.890919 | 51.890919 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 51.890919 | 2024-07-26 07:26:05 |