Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Mexican Peso/Euro (FOREX:MXNEUR)
Countertrend Up (+85) - MXNEUR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Dec 1st, 2023 at 0.05507557
The intermediate-term trend has been UP since Nov 1st, 2023 at 0.05317807
The short-term trend has been UP since Dec 6th, 2023 at 0.05352950
Smart Scan Analysis for MXNEUR
Based on our trend formula, MXNEUR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).