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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Mexican Peso/Chinese Yuan Renminbi (FOREX:MXNCNY)
Strong Downtrend (-100) - MXNCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, MXNCNY continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MXNCNY?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNCNY.
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 MXNCNY
The long-term trend has been DOWN since Apr 18th, 2024 at 0.40805127
The intermediate-term trend has been DOWN since Jul 24th, 2024 at 0.39331963
The short-term trend has been DOWN since Jul 16th, 2024 at 0.40675432
Smart Scan Analysis for MXNCNY
Based on our trend formula, MXNCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.39349375 | 0.39602106 | 0.39179804 | 0.39279678 | -0.00069700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.39349375 | 2024-07-26 19:25:37 |