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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Euro/Mexican Peso (FOREX:EURMXN)

Weak Downtrend (-65) - EURMXN is showing signs of a strengthening downtrend. Monitor EURMXN as it may be building momentum to the downside.

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
19.629250 19.816495 19.569850 19.738000 +0.108750
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term down The long-term trend has been DOWN since Mar 1st, 2023 at 19.336500

intermediate term up The intermediate-term trend has been UP since Mar 12th, 2023 at 19.738400

short term down The short-term trend has been DOWN since Mar 22nd, 2023 at 20.017015

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
19.629250 19.816495 19.569850 19.738000 +0.108750
Prev. Close Volume Bid Ask Time
19.629250 2023-03-30 22:39:42
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