Forex Trend Analysis Report
Prepared for you on Friday, March 29, 2024.
US Dollar/Mexican Peso (FOREX:USDMXN)
Strong Downtrend (-100) - USDMXN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDMXN continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMXN.
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 USDMXN
The long-term trend has been DOWN since Dec 1st, 2023 at 16.96986
The intermediate-term trend has been DOWN since Feb 20th, 2024 at 17.00751
The short-term trend has been DOWN since Mar 20th, 2024 at 16.67940
Smart Scan Analysis for USDMXN
Based on our trend formula, USDMXN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
16.614800 | 16.627635 | 16.587000 | 16.591400 | -0.023400 |
Prev. Close | Volume | Bid | Ask | Time |
16.614800 | 2024-03-29 04:50:50 |