Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Mexican Peso/Euro (FOREX:MXNEUR)
Strong Downtrend (-100) - MXNEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid MXNEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MXNEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MXNEUR
The long-term trend has been DOWN since Feb 25th, 2021 at 0.03940350
The intermediate-term trend has been DOWN since Jan 28th, 2021 at 0.04055101
The short-term trend has been DOWN since Mar 3rd, 2021 at 0.03966091
Smart Scan Analysis for MXNEUR
Based on our trend formula, MXNEUR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).