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Forex Trend Analysis Report

Prepared for you on Tuesday, September 21, 2021.

Mexican Peso/US Dollar (FOREX:MXNUSD)

Sidelines Mode (+55) - MXNUSD 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 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
0.04976000 0.04985147 0.04971580 0.04975620 -0.00000400
Entry Signal

MarketClub’s Trade Triangles for MXNUSD

long term up The long-term trend has been UP since May 14th, 2021 at 0.05054822

intermediate term up The intermediate-term trend has been UP since Sep 13th, 2021 at 0.05037101

short term down The short-term trend has been DOWN since Sep 14th, 2021 at 0.05019600

Smart Scan Analysis for MXNUSD

Based on our trend formula, MXNUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MXNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04976000 0.04985147 0.04971580 0.04975620 -0.00000400
Prev. Close Volume Bid Ask Time
0.04976000 2021-09-21 07:03:03
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