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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for EURMXN
The long-term trend has been UP since Apr 18th, 2024 at 18.88830
The intermediate-term trend has been DOWN since Nov 19th, 2024 at 21.32210
The short-term trend has been DOWN since Nov 14th, 2024 at 21.57675
Smart Scan Analysis for EURMXN
Based on our trend formula, EURMXN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 21.31170 | 21.32170 | 21.27085 | 21.29055 | -0.02115 |
| Prev. Close | Volume | Bid | Ask | Time |
| 21.31170 | 2024-11-20 03:41:08 |