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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

Mexican Peso/Chilean Peso (FOREX:MXNCLP)

Countertrend Down (-85) - MXNCLP 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 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.

FOREX_MXNCLP
Open High Low MXNCLP Price Change
50.594809 50.594809 50.594809 50.594809 0.000000
Entry Signal

MarketClub’s Trade Triangles for MXNCLP

long term down The long-term trend has been DOWN since May 15th, 2024 at 54.526107

intermediate term down The intermediate-term trend has been DOWN since Apr 22nd, 2024 at 56.879951

short term up The short-term trend has been UP since Jun 18th, 2024 at 49.639442

Smart Scan Analysis for MXNCLP

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

-85
Smart Scan Analysis for MXNCLP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
50.594809 50.594809 50.594809 50.594809 0.000000
Prev. Close Volume Bid Ask Time
50.594809 2024-06-20 07:26:00
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