Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
Euro/Mexican Peso (FOREX:EURMXN)
Crossroads (-60) - EURMXN is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Oct 19th, 2020 at 24.6850
The intermediate-term trend has been UP since Nov 4th, 2020 at 25.2115
The short-term trend has been UP since Nov 27th, 2020 at 23.9382
Smart Scan Analysis for EURMXN
Based on our trend formula, EURMXN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).