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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Mexican Peso/Euro (FOREX:MXNEUR)

Crossroads (+60) - MXNEUR 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 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
0.040776 0.040820 0.040644 0.040752 -0.000024
Entry Signal

MarketClub’s Trade Triangles for MXNEUR

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.0459865

intermediate term up The intermediate-term trend has been UP since May 10th, 2020 at 0.0391100

short term up The short-term trend has been UP since Jun 1st, 2020 at 0.0408910

Smart Scan Analysis for MXNEUR

Based on our trend formula, MXNEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for MXNEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.040776 0.040820 0.040644 0.040752 -0.000024
Prev. Close Volume Bid Ask Time
0.040776 0.040746 0.040758 2020-06-02 04:39:32
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