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.
MarketClub’s Trade Triangles for EURMXN
The long-term trend has been DOWN since Mar 1st, 2023 at 19.336500
The intermediate-term trend has been UP since Mar 12th, 2023 at 19.738400
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).