Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Mexican Peso/Euro (FOREX:MXNEUR)

Bull Market Weakness (+75) - MXNEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNEUR as it may be in the beginning stages of a reversal.

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.

FOREX_MXNEUR
Open High Low MXNEUR Price Change
0.05494693 0.05497901 0.05452524 0.05462750 -0.00031900
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term up The long-term trend has been UP since Dec 1st, 2023 at 0.05507557

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2024 at 0.05452650

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 0.05474000

Smart Scan Analysis for MXNEUR

Based on our trend formula, MXNEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05494693 0.05497901 0.05452524 0.05462750 -0.00031900
Prev. Close Volume Bid Ask Time
0.05494693 2024-03-18 23:41:20
Get a free daily analysis and signals for Mexican Peso/Euro (MXNEUR) - Request Your Free Report.