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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Mexican Peso/Euro (FOREX:MXNEUR)

Strong Uptrend (+100) - MXNEUR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MXNEUR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_MXNEUR
Open High Low MXNEUR Price Change
0.04976750 0.04984200 0.04973424 0.04979350 +0.00002600
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term up The long-term trend has been UP since Nov 8th, 2019 at 0.04744000

intermediate term up The intermediate-term trend has been UP since Dec 12th, 2019 at 0.04718623

short term up The short-term trend has been UP since Feb 4th, 2020 at 0.04838450

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).

+100
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04976750 0.04984200 0.04973424 0.04979350 +0.00002600
Prev. Close Volume Bid Ask Time
0.04976750 0.04978500 0.04980200 2020-02-20 02:43:27
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