Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Euro/Mexican Peso (FOREX:EURMXN)
Sidelines Mode (+55) - EURMXN 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 EURMXN?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURMXN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURMXN
The long-term trend has been UP since Feb 28th, 2020 at 21.74575
The intermediate-term trend has been UP since Feb 26th, 2020 at 20.95505
The short-term trend has been DOWN since Apr 7th, 2020 at 26.37980
Smart Scan Analysis for EURMXN
Based on our trend formula, EURMXN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).