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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Strong Uptrend (+100) - MXNUSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNUSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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

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

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

FOREX_MXNUSD
Open High Low MXNUSD Price Change
0.05329150 0.05329632 0.05319577 0.05327050 -0.00002100
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term up The long-term trend has been UP since Nov 1st, 2022 at 0.05062476

intermediate term up The intermediate-term trend has been UP since Dec 25th, 2022 at 0.05168650

short term up The short-term trend has been UP since Jan 27th, 2023 at 0.05324052

Smart Scan Analysis for MXNUSD

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

+100
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05329150 0.05329632 0.05319577 0.05327050 -0.00002100
Prev. Close Volume Bid Ask Time
0.05329150 2023-01-29 23:45:51
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