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Forex Trend Analysis Report

Prepared for you on Tuesday, December 7, 2021.

Euro/Mexican Peso (FOREX:EURMXN)

Weak Uptrend (+65) - EURMXN is showing signs of weakening momentum to the upside. Monitor EURMXN as it may be in the beginning stages of a reversal.

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
23.96380 23.96570 23.64445 23.72520 -0.23860
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Oct 8th, 2021 at 24.01150

intermediate term up The intermediate-term trend has been UP since Nov 25th, 2021 at 24.26785

short term down The short-term trend has been DOWN since Nov 30th, 2021 at 24.38595

Smart Scan Analysis for EURMXN

Based on our trend formula, EURMXN is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.96380 23.96570 23.64445 23.72520 -0.23860
Prev. Close Volume Bid Ask Time
23.96380 2021-12-07 22:41:07
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