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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Mexican Peso/Euro (FOREX:MXNEUR)
Bull Market Weakness (+75) - MXNEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MXNEUR as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for MXNEUR
The long-term trend has been DOWN since Apr 18th, 2024 at 0.05294550
The intermediate-term trend has been UP since Nov 19th, 2024 at 0.04690115
The short-term trend has been UP since Nov 14th, 2024 at 0.04634883
Smart Scan Analysis for MXNEUR
Based on our trend formula, MXNEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0469250 | 0.0470130 | 0.0468980 | 0.0470025 | +0.0000780 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0469250 | 2024-11-20 03:30:15 |