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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Euro/Mexican Peso (FOREX:EURMXN)

Bull Market Weakness (+75) - EURMXN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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
18.13680 18.16000 18.11630 18.12695 -0.00985
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term up The long-term trend has been UP since Apr 18th, 2024 at 18.88830

intermediate term up The intermediate-term trend has been UP since Apr 16th, 2024 at 18.00515

short term down The short-term trend has been DOWN since Apr 23rd, 2024 at 18.14160

Smart Scan Analysis for EURMXN

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

+75
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.13680 18.16000 18.11630 18.12695 -0.00985
Prev. Close Volume Bid Ask Time
18.13680 2024-04-24 04:47:32
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