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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.

FOREX_EURMXN
Open High Low EURMXN Price Change
26.08845 26.16000 25.89510 25.91845 -0.17000
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Feb 28th, 2020 at 21.74575

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2020 at 20.95505

short term down 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).

+55
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.08845 26.16000 25.89510 25.91845 -0.17000
Prev. Close Volume Bid Ask Time
26.08845 25.90920 25.92770 2020-04-09 07:00:49
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