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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Mexican Peso/Euro (FOREX:MXNEUR)
Sidelines Mode (-55) - MXNEUR 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 MXNEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNEUR.
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 MXNEUR
The long-term trend has been DOWN since Apr 18th, 2024 at 0.05294550
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.05554011
The short-term trend has been UP since May 7th, 2024 at 0.05508163
Smart Scan Analysis for MXNEUR
Based on our trend formula, MXNEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.05498650 | 0.05507047 | 0.05485450 | 0.05498352 | -0.00000300 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.05498650 | 2024-05-09 12:40:49 |