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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.

FOREX_EURMXN
Open High Low EURMXN Price Change
23.95785 23.95785 23.95785 23.95785 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURMXN

long term down The long-term trend has been DOWN since Oct 19th, 2020 at 24.6850

intermediate term up The intermediate-term trend has been UP since Nov 4th, 2020 at 25.2115

short term up 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).

-60
Smart Scan Analysis for EURMXN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.95785 23.95785 23.95785 23.95785 0.00000
Prev. Close Volume Bid Ask Time
23.95785 2020-11-29 04:26:12
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