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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Mexican Peso/US Dollar (FOREX:MXNUSD)
Crossroads (+60) - MXNUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for MXNUSD
The long-term trend has been DOWN since Apr 18th, 2024 at 0.05751527
The intermediate-term trend has been UP since Dec 13th, 2024 at 0.04983930
The short-term trend has been UP since Dec 20th, 2024 at 0.04980579
Smart Scan Analysis for MXNUSD
Based on our trend formula, MXNUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.04956706 | 0.04960288 | 0.04949450 | 0.04954447 | -0.00002300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.04956706 | 2024-12-26 07:38:14 |